SG Americas Securities LLC Sells 15,347 Shares of Vail Resorts, Inc. (NYSE:MTN)

SG Americas Securities LLC decreased its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 92.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,215 shares of the company's stock after selling 15,347 shares during the quarter. SG Americas Securities LLC's holdings in Vail Resorts were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Select Equity Group L.P. increased its stake in Vail Resorts by 80.5% in the fourth quarter. Select Equity Group L.P. now owns 2,612,048 shares of the company's stock worth $622,582,000 after purchasing an additional 1,165,211 shares during the period. Norges Bank purchased a new position in shares of Vail Resorts in the 4th quarter valued at $98,690,000. Nordea Investment Management AB raised its position in shares of Vail Resorts by 2,451.9% in the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company's stock worth $89,931,000 after acquiring an additional 400,941 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Vail Resorts by 38.1% in the second quarter. Macquarie Group Ltd. now owns 656,205 shares of the company's stock worth $143,086,000 after purchasing an additional 181,198 shares in the last quarter. Finally, London Co. of Virginia purchased a new position in shares of Vail Resorts in the 3rd quarter worth approximately $32,280,000. Institutional investors own 94.94% of the company's stock.

Vail Resorts Price Performance

Vail Resorts stock traded down $2.36 during midday trading on Thursday, reaching $229.56. 599,904 shares of the company were exchanged, compared to its average volume of 467,231. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 38.32, a P/E/G ratio of 2.45 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. The firm's 50-day simple moving average is $225.29 and its 200-day simple moving average is $221.71. Vail Resorts, Inc. has a 1 year low of $204.88 and a 1 year high of $258.13.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.16 earnings per share. On average, analysts anticipate that Vail Resorts, Inc. will post 7.75 EPS for the current year.

Vail Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 3.87%. This is a boost from Vail Resorts's previous quarterly dividend of $2.06. The ex-dividend date of this dividend is Wednesday, March 27th. Vail Resorts's payout ratio is 148.25%.

Insider Transactions at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares in the company, valued at $1,691,269.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

MTN has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Vail Resorts from $247.00 to $248.00 and gave the company an "equal weight" rating in a report on Thursday, March 7th. Bank of America lowered shares of Vail Resorts from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Truist Financial reiterated a "buy" rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Mizuho initiated coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They set a "buy" rating and a $256.00 target price for the company. Finally, Stifel Nicolaus reissued a "buy" rating and set a $263.00 target price on shares of Vail Resorts in a research note on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $266.33.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.