Ceredex Value Advisors LLC Decreases Stake in Vail Resorts, Inc. (NYSE:MTN)

Ceredex Value Advisors LLC lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 242,668 shares of the company's stock after selling 2,650 shares during the quarter. Ceredex Value Advisors LLC owned 0.65% of Vail Resorts worth $45,488,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its stake in shares of Vail Resorts by 13.5% in the 4th quarter. Guggenheim Capital LLC now owns 5,734 shares of the company's stock valued at $1,075,000 after acquiring an additional 684 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Vail Resorts in the fourth quarter worth approximately $503,000. Mariner LLC raised its holdings in Vail Resorts by 30.3% during the 4th quarter. Mariner LLC now owns 2,979 shares of the company's stock valued at $558,000 after buying an additional 693 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after acquiring an additional 69 shares during the period. Finally, Heritage Trust Co purchased a new position in Vail Resorts during the fourth quarter valued at $470,000. Institutional investors own 94.94% of the company's stock.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the purchase, the chief financial officer now owns 2,956 shares in the company, valued at $472,960. This represents a 6.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MTN shares. Barclays reiterated an "underweight" rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Macquarie lowered their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. increased their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a report on Tuesday, March 11th. Morgan Stanley lowered their target price on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 11th. Finally, Mizuho reduced their price objective on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and a consensus price target of $193.56.

Vail Resorts Trading Down 5.0 %

NYSE:MTN traded down $6.91 during mid-day trading on Monday, hitting $131.52. 204,170 shares of the stock traded hands, compared to its average volume of 577,155. The firm's 50 day moving average is $154.76 and its two-hundred day moving average is $169.73. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $206.55. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.93 and a beta of 0.93.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $5.76 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict 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 was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.75%. The ex-dividend date was Thursday, March 27th. Vail Resorts's dividend payout ratio is currently 130.21%.

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.