Corebridge Financial Inc. Reduces Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Corebridge Financial Inc. decreased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,750 shares of the company's stock after selling 2,119 shares during the period. Corebridge Financial Inc. owned 0.11% of Vail Resorts worth $8,013,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MTN. Bamco Inc. NY lifted its position in shares of Vail Resorts by 2.7% during the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company's stock valued at $903,717,000 after acquiring an additional 136,328 shares during the period. Vanguard Group Inc. raised its holdings in shares of Vail Resorts by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock valued at $696,687,000 after purchasing an additional 25,916 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Vail Resorts by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company's stock worth $225,348,000 after purchasing an additional 47,417 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Vail Resorts by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company's stock valued at $113,252,000 after buying an additional 8,422 shares during the period. Finally, First Pacific Advisors LP increased its position in Vail Resorts by 12.4% in the 4th quarter. First Pacific Advisors LP now owns 522,285 shares of the company's stock valued at $97,902,000 after buying an additional 57,484 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price 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 approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Stock Performance

Shares of MTN stock traded down $1.88 during trading on Tuesday, hitting $158.15. The company's stock had a trading volume of 111,591 shares, compared to its average volume of 567,170. The business has a fifty day moving average of $163.21 and a 200-day moving average of $173.98. The company has a market cap of $5.90 billion, a PE ratio of 26.29, a P/E/G ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN - Get Free Report) last announced 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. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $5.76 EPS. As a group, research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.62%. The ex-dividend date is Thursday, March 27th. Vail Resorts's dividend payout ratio is 130.21%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays reiterated an "underweight" rating and issued a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Morgan Stanley reduced their price target on shares of Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. Stifel Nicolaus upped their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. StockNews.com raised shares of Vail Resorts from a "sell" rating to a "hold" rating in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of "Hold" and an average target price of $193.56.

Vail Resorts Profile

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.