Hsbc Holdings PLC Cuts Stake in Vail Resorts, Inc. (NYSE:MTN)

Hsbc Holdings PLC lessened its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 86.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,329 shares of the company's stock after selling 8,304 shares during the quarter. Hsbc Holdings PLC's holdings in Vail Resorts were worth $249,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Vail Resorts during the 4th quarter worth approximately $80,669,000. Wealthfront Advisers LLC bought a new position in Vail Resorts in the 4th quarter valued at about $42,532,000. DnB Asset Management AS bought a new position in Vail Resorts during the fourth quarter valued at about $33,286,000. Raymond James Financial Inc. acquired a new position in shares of Vail Resorts in the 4th quarter worth $23,170,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Vail Resorts by 57.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 312,232 shares of the company's stock valued at $58,528,000 after purchasing an additional 114,207 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Vail Resorts Trading Up 0.4%

Vail Resorts stock traded up $0.62 during trading hours on Tuesday, hitting $149.42. The company had a trading volume of 434,172 shares, compared to its average volume of 579,638. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $206.38. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The firm has a market cap of $5.58 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.93 and a beta of 0.91. The company has a 50-day moving average price of $148.48 and a two-hundred day moving average price of $166.30.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $0.27. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $5.76 earnings per share. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 5.94%. Vail Resorts's dividend payout ratio is currently 130.21%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MTN shares. Bank of America reduced their price objective on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Macquarie reduced their target price on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Barclays reissued an "underweight" rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Mizuho cut their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Finally, Morgan Stanley set a $152.00 price target on Vail Resorts in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $187.60.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. This represents a 6.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by 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.