Vail Resorts, Inc. $MTN Stock Position Decreased by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc cut its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 32.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the company’s stock after selling 1,200 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Vail Resorts were worth $393,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SouthState Corp acquired a new stake in shares of Vail Resorts in the first quarter worth $29,000. Farther Finance Advisors LLC raised its position in Vail Resorts by 676.0% during the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after buying an additional 169 shares during the period. Signaturefd LLC raised its position in Vail Resorts by 217.6% during the second quarter. Signaturefd LLC now owns 216 shares of the company’s stock valued at $34,000 after buying an additional 148 shares during the period. Hantz Financial Services Inc. raised its position in Vail Resorts by 260.3% during the second quarter. Hantz Financial Services Inc. now owns 245 shares of the company’s stock valued at $38,000 after buying an additional 177 shares during the period. Finally, GAMMA Investing LLC raised its position in Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock valued at $43,000 after buying an additional 116 shares during the period. 94.90% of the stock is owned by institutional investors.

Vail Resorts Price Performance

MTN opened at $149.39 on Tuesday. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.50 and a beta of 0.86. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The stock has a fifty day moving average price of $152.12 and a 200 day moving average price of $152.73.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The company had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. During the same quarter last year, the business earned ($4.67) earnings per share. Vail Resorts’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.9%. The ex-dividend date was Thursday, October 9th. Vail Resorts’s dividend payout ratio (DPR) is 119.84%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 17th. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Mizuho dropped their price target on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Finally, Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $175.60.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the purchase, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

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.