Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. trimmed its position in Vail Resorts, Inc. (NYSE:MTN) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,344 shares of the company’s stock after selling 10,910 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.25% of Vail Resorts worth $17,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $33,000. Blue Trust Inc. boosted its stake in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after acquiring an additional 148 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $40,000. Venturi Wealth Management LLC boosted its stake in Vail Resorts by 165.3% in the third quarter. Venturi Wealth Management LLC now owns 321 shares of the company’s stock valued at $56,000 after acquiring an additional 200 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after buying an additional 83 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTN has been the subject of several research reports. Macquarie lowered their price objective 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. Stifel Nicolaus lifted their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Mizuho lowered 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 note on Tuesday. Truist Financial lowered their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $193.56.

Vail Resorts Trading Down 0.0 %

Shares of Vail Resorts stock opened at $159.68 on Friday. 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 firm has a fifty day moving average price of $167.25 and a 200 day moving average price of $175.61. Vail Resorts, Inc. has a 1 year low of $151.99 and a 1 year high of $233.57. The stock has a market cap of $5.98 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company earned $5.76 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 5.56%. Vail Resorts’s payout ratio is 147.51%.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch bought 185 shares of the business’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 purchase, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Company 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.