Gotham Asset Management LLC Has $1.30 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Gotham Asset Management LLC cut its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 64.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,933 shares of the company's stock after selling 12,363 shares during the period. Gotham Asset Management LLC's holdings in Vail Resorts were worth $1,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTN. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts during the fourth quarter valued at about $33,000. Blue Trust Inc. lifted its position in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after acquiring an additional 148 shares during the period. GeoWealth Management LLC grew its holdings in shares of Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after purchasing an additional 83 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in shares of Vail Resorts by 20.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock valued at $74,000 after purchasing an additional 67 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Price Performance

Shares of MTN stock traded down $1.59 during trading hours on Tuesday, reaching $150.76. 392,588 shares of the company were exchanged, compared to its average volume of 577,842. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.93 and a beta of 0.91. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The stock's fifty day moving average is $147.68 and its two-hundred day moving average is $165.71. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $204.72.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.76 earnings per share. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's payout ratio is 130.21%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays reiterated an "underweight" rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Mizuho decreased their target price on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Bank of America lowered their target price on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Morgan Stanley set a $152.00 price target on shares of Vail Resorts in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their price objective on Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Vail Resorts currently has an average rating of "Hold" and an average target price of $187.60.

Insider Activity

In related news, CFO Angela A. Korch acquired 185 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Profile

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.