KBC Group NV Sells 83,351 Shares of Vail Resorts, Inc. (NYSE:MTN)

KBC Group NV decreased its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 82.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,188 shares of the company's stock after selling 83,351 shares during the period. KBC Group NV's holdings in Vail Resorts were worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MTN. Miracle Mile Advisors LLC increased its position in Vail Resorts by 3.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company's stock valued at $398,000 after purchasing an additional 65 shares during the period. Raleigh Capital Management Inc. raised its stake in Vail Resorts by 20.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock worth $74,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. lifted its holdings in Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after buying an additional 83 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Vail Resorts by 27.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 412 shares of the company's stock valued at $72,000 after acquiring an additional 89 shares during the last quarter. Finally, Malaga Cove Capital LLC grew its holdings in Vail Resorts by 1.3% during the 3rd quarter. Malaga Cove Capital LLC now owns 9,673 shares of the company's stock worth $1,686,000 after acquiring an additional 124 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Stock Down 0.4 %

Shares of NYSE:MTN traded down $0.64 during midday trading on Tuesday, hitting $167.51. 435,064 shares of the company's stock were exchanged, compared to its average volume of 682,589. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The company has a market cap of $6.27 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. The stock has a 50 day moving average price of $181.89 and a 200-day moving average price of $178.67.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping analysts' consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. During the same period in the previous year, the company posted ($4.60) EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Thursday, December 26th. Vail Resorts's payout ratio is currently 147.51%.

Analysts Set New Price Targets

Several brokerages recently commented on MTN. Truist Financial cut their target price on Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Morgan Stanley reiterated an "equal weight" rating and issued a $197.00 price objective on shares of Vail Resorts in a research note on Monday, December 23rd. Mizuho increased their target price on shares of Vail Resorts from $222.00 to $227.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Finally, UBS Group began coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They issued a "neutral" rating and a $185.00 price target for the company. Two 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 company. According to MarketBeat, Vail Resorts has a consensus rating of "Hold" and an average target price of $204.50.

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.