Oppenheimer & Co. Inc. Sells 5,899 Shares of Vail Resorts, Inc. $MTN

by · The Cerbat Gem

Oppenheimer & Co. Inc. reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) by 28.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,678 shares of the company’s stock after selling 5,899 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Vail Resorts were worth $1,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Waterhouse Canada Inc. grew its stake in shares of Vail Resorts by 376.3% during the third quarter. TD Waterhouse Canada Inc. now owns 16,584 shares of the company’s stock valued at $2,553,000 after buying an additional 13,102 shares during the last quarter. Blume Capital Management Inc. grew its stake in shares of Vail Resorts by 317.0% during the third quarter. Blume Capital Management Inc. now owns 9,703 shares of the company’s stock valued at $1,451,000 after buying an additional 7,376 shares during the last quarter. Kazazian Asset Management LLC bought a new position in shares of Vail Resorts during the third quarter valued at approximately $1,296,000. CenterBook Partners LP grew its stake in shares of Vail Resorts by 423.9% during the third quarter. CenterBook Partners LP now owns 18,074 shares of the company’s stock valued at $2,703,000 after buying an additional 14,624 shares during the last quarter. Finally, Waratah Capital Advisors Ltd. grew its stake in shares of Vail Resorts by 31.5% during the third quarter. Waratah Capital Advisors Ltd. now owns 228,388 shares of the company’s stock valued at $34,160,000 after buying an additional 54,722 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays lowered their price target on Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. UBS Group cut their target price on Vail Resorts from $169.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Finally, Morgan Stanley cut their price target on 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. Five equities 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $161.82.

View Our Latest Stock Report on MTN

Vail Resorts Price Performance

NYSE:MTN opened at $123.30 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $175.51. The stock has a market capitalization of $4.39 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 10.63 and a beta of 0.70. The stock’s 50-day moving average price is $132.12 and its 200-day moving average price is $138.86.

Vail Resorts (NYSE:MTNGet Free Report) last posted its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.06 by ($0.19). Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $6.56 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts expect that Vail Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 7.2%. The ex-dividend date was Thursday, March 26th. Vail Resorts’s payout ratio is presently 144.86%.

About Vail Resorts

(Free Report)

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.

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