Mutual of America Capital Management LLC Sells 862 Shares of Vail Resorts, Inc. $MTN

Mutual of America Capital Management LLC cut its holdings in Vail Resorts, Inc. (NYSE:MTN) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,211 shares of the company’s stock after selling 862 shares during the quarter. Mutual of America Capital Management LLC owned 0.36% of Vail Resorts worth $21,089,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MTN. SouthState Corp purchased a new position in shares of Vail Resorts in the 1st quarter worth $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after acquiring an additional 169 shares during the last quarter. Signaturefd LLC grew its position in Vail Resorts by 217.6% in the second quarter. Signaturefd LLC now owns 216 shares of the company’s stock worth $34,000 after acquiring an additional 148 shares in the last quarter. Golden State Wealth Management LLC grew its position in Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in Vail Resorts during the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch acquired 210 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average price of $155.00 per share, with a total value of $32,550.00. Following the completion of the purchase, the chief financial officer directly owned 4,905 shares in the company, valued at $760,275. This trade represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MTN shares. Mizuho lowered their price objective on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Stifel Nicolaus restated a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Morgan Stanley cut their price objective on shares of Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Finally, Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Three research 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, Vail Resorts has an average rating of “Hold” and a consensus target price of $174.90.

Vail Resorts Stock Performance

MTN stock opened at $150.05 on Friday. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.52 and a beta of 0.86. The business’s fifty day simple moving average is $152.98 and its two-hundred day simple moving average is $151.78. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 3.44.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). The company had revenue of $271.29 million during the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($4.67) earnings per share. 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 declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be issued a $2.22 dividend. The ex-dividend date is Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.9%. Vail Resorts’s payout ratio is presently 119.84%.

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.