Firetrail Investments PTY Ltd. Decreases Stake in Vail Resorts, Inc. $MTN

Firetrail Investments PTY Ltd. cut its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,639 shares of the company’s stock after selling 23,162 shares during the period. Vail Resorts makes up 2.8% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 17th biggest position. Firetrail Investments PTY Ltd.’s holdings in Vail Resorts were worth $8,626,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in Vail Resorts in the 4th quarter worth about $43,000. Fulcrum Wealth Advisors LLC purchased a new stake in shares of Vail Resorts during the 4th quarter valued at about $249,000. VELA Investment Management LLC boosted its holdings in shares of Vail Resorts by 55.3% during the 4th quarter. VELA Investment Management LLC now owns 4,417 shares of the company’s stock valued at $587,000 after acquiring an additional 1,573 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Vail Resorts by 2.1% in the fourth quarter. Benjamin Edwards Inc. now owns 5,878 shares of the company’s stock worth $781,000 after acquiring an additional 119 shares during the period. Finally, Danske Bank A S raised its holdings in shares of Vail Resorts by 100.0% during the fourth quarter. Danske Bank A S now owns 400 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Morgan Stanley decreased their target price on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Jefferies Financial Group raised Vail Resorts from a “hold” rating to a “buy” rating and increased their price target for the company from $159.00 to $165.00 in a report on Tuesday, January 13th. JPMorgan Chase & Co. cut their price objective on Vail Resorts from $172.00 to $156.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Finally, BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $161.82.

Insider Buying and Selling at Vail Resorts

In related news, CEO Robert A. Katz purchased 37,500 shares of Vail Resorts stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the transaction, the chief executive officer directly owned 285,312 shares in the company, valued at $37,606,974.72. This represents a 15.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Angela A. Korch acquired 190 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the purchase, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Performance

Shares of NYSE MTN opened at $125.61 on Friday. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $175.51. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 10.60 and a beta of 0.70. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. The firm has a 50 day moving average of $131.10 and a 200 day moving average of $138.35.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.06 by ($0.19). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.56 earnings per share. On average, research analysts anticipate that Vail Resorts, Inc. will post 4.79 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Thursday, March 26th. Vail Resorts’s dividend payout ratio (DPR) is currently 144.86%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.