Sit Investment Associates Inc. Has $931,000 Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Sit Investment Associates Inc. lowered its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 48.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,965 shares of the company’s stock after selling 4,655 shares during the quarter. Sit Investment Associates Inc.’s holdings in Vail Resorts were worth $931,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MTN. Norges Bank bought a new stake in Vail Resorts during the 4th quarter worth approximately $80,669,000. Wealthfront Advisers LLC acquired a new position in Vail Resorts in the fourth quarter worth $42,532,000. FMR LLC boosted its stake in Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after purchasing an additional 190,210 shares in the last quarter. DnB Asset Management AS bought a new stake in shares of Vail Resorts during the fourth quarter worth $33,286,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Vail Resorts in the fourth quarter valued at $23,170,000. 94.94% of the stock is owned by institutional investors.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. The trade was a 6.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Trading Down 6.5 %

NYSE:MTN opened at $144.94 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 1-year low of $138.58 and a 1-year high of $233.57. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.93 and a beta of 0.93. The business’s 50-day moving average price is $161.95 and its two-hundred day moving average price is $173.23.

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, topping the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $5.76 EPS. Vail Resorts’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.13%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MTN. Macquarie decreased their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Morgan Stanley lowered their price target on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. upped their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus boosted their target price on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $193.56.

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.