Legal & General Group Plc Cuts Holdings in Vail Resorts, Inc. $MTN

Legal & General Group Plc cut its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,449 shares of the company’s stock after selling 4,469 shares during the quarter. Legal & General Group Plc owned approximately 0.16% of Vail Resorts worth $7,762,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTN. BOKF NA raised its position in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the period. EverSource Wealth Advisors LLC raised its position in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares during the period. Danske Bank A S bought a new stake in Vail Resorts in the third quarter worth about $30,000. International Assets Investment Management LLC bought a new stake in Vail Resorts in the fourth quarter worth about $43,000. Finally, Employees Retirement System of Texas bought a new stake in Vail Resorts in the third quarter worth about $46,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Vail Resorts stock opened at $135.34 on Friday. The firm’s 50 day simple moving average is $127.96 and its 200 day simple moving average is $135.35. 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 market capitalization of $4.82 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 11.43 and a beta of 0.72. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $172.00.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). The firm had revenue of $1.08 billion for 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 business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the company posted $6.56 EPS. As a group, analysts expect that Vail Resorts, Inc. will post 4.76 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. Mizuho lowered their price target on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Weiss Ratings lowered shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company began coverage on shares of Vail Resorts in a research report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $161.82.

About Vail Resorts

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.