Headlands Technologies LLC Has $393,000 Position in Vail Resorts, Inc. (NYSE:MTN)

Headlands Technologies LLC lowered its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 35.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,841 shares of the company’s stock after selling 1,016 shares during the period. Headlands Technologies LLC’s holdings in Vail Resorts were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. boosted its stake in Vail Resorts by 9.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,479 shares of the company’s stock worth $316,000 after buying an additional 122 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Vail Resorts in the 4th quarter valued at $45,000. Linden Thomas Advisory Services LLC boosted its stake in shares of Vail Resorts by 3.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,307 shares of the company’s stock valued at $706,000 after purchasing an additional 95 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of Vail Resorts in the 4th quarter valued at $3,796,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Vail Resorts by 28.0% in the 4th quarter. Handelsbanken Fonder AB now owns 136,200 shares of the company’s stock valued at $29,075,000 after purchasing an additional 29,800 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Down 0.3 %

Shares of NYSE MTN opened at $198.33 on Friday. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. Vail Resorts, Inc. has a 12-month low of $198.18 and a 12-month high of $258.13. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. The firm’s 50-day simple moving average is $222.50 and its 200 day simple moving average is $220.87.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.16 earnings per share. On average, research analysts expect that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $2.22 per share. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s payout ratio is currently 148.25%.

Analyst Ratings Changes

MTN has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Bank of America downgraded shares of Vail Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Mizuho began coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price target on the stock. Truist Financial reiterated a “buy” rating and set a $290.00 price target on shares of Vail Resorts in a research report on Friday, January 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $260.11.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

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.