JPMorgan Chase & Co. Sells 1,241,315 Shares of Vail Resorts, Inc. (NYSE:MTN)

JPMorgan Chase & Co. cut its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 67.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 595,284 shares of the company's stock after selling 1,241,315 shares during the quarter. JPMorgan Chase & Co. owned 1.59% of Vail Resorts worth $103,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company's stock worth $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Vail Resorts during the 3rd quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in Vail Resorts in the third quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its position in Vail Resorts by 318.8% in the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company's stock valued at $36,000 after acquiring an additional 153 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Vail Resorts by 123.5% during the third quarter. UMB Bank n.a. now owns 219 shares of the company's stock worth $38,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of research analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $197.00 target price on shares of Vail Resorts in a research report on Monday, December 23rd. Macquarie lifted their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Barclays upped their price target on shares of Vail Resorts from $155.00 to $165.00 and gave the company an "underweight" rating in a research report on Tuesday, December 10th. UBS Group initiated coverage on shares of Vail Resorts in a report on Thursday, November 14th. They set a "neutral" rating and a $185.00 price target on the stock. Finally, Mizuho increased their price objective on Vail Resorts from $222.00 to $227.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $205.50.

Vail Resorts Trading Down 6.6 %

Shares of NYSE:MTN traded down $12.29 during midday trading on Thursday, reaching $175.16. The company's stock had a trading volume of 1,200,914 shares, compared to its average volume of 529,708. Vail Resorts, Inc. has a fifty-two week low of $165.00 and a fifty-two week high of $236.92. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.71 and a current ratio of 0.63. The firm has a 50 day moving average price of $181.98 and a two-hundred day moving average price of $179.05. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.22 and a beta of 1.14.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company's revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($4.60) earnings per share. As a group, analysts forecast that Vail Resorts, Inc. will post 7.49 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, December 26th. Vail Resorts's payout ratio is 147.51%.

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.