Nordea Investment Management AB Sells 13,061 Shares of Vail Resorts, Inc. (NYSE:MTN)

Nordea Investment Management AB trimmed its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,421 shares of the company's stock after selling 13,061 shares during the quarter. Nordea Investment Management AB owned approximately 0.22% of Vail Resorts worth $15,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in Vail Resorts by 507.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company's stock worth $2,050,000 after buying an additional 9,506 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Vail Resorts by 1.8% in the second quarter. Arizona State Retirement System now owns 10,628 shares of the company's stock valued at $1,914,000 after purchasing an additional 185 shares in the last quarter. Headlands Technologies LLC bought a new position in Vail Resorts in the 2nd quarter worth approximately $445,000. California First Leasing Corp acquired a new position in Vail Resorts during the 2nd quarter worth $2,127,000. Finally, AdvisorShares Investments LLC bought a new position in Vail Resorts in the 2nd quarter valued at $470,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Vail Resorts Stock Up 1.5 %

Shares of Vail Resorts stock traded up $2.62 on Thursday, hitting $179.72. The company had a trading volume of 722,026 shares, compared to its average volume of 761,625. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.71. The stock has a 50-day moving average of $183.01 and a 200-day moving average of $179.05. The firm has a market capitalization of $6.73 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.22 and a beta of 1.12.

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

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.94%. The ex-dividend date is Thursday, December 26th. Vail Resorts's payout ratio is 147.51%.

Wall Street Analysts Forecast Growth

MTN has been the topic of several research reports. Barclays upped their price target on Vail Resorts from $155.00 to $165.00 and gave the company an "underweight" rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Morgan Stanley reissued an "equal weight" rating and set a $197.00 price target on shares of Vail Resorts in a research note on Monday, December 23rd. Macquarie raised their price objective on shares of Vail Resorts from $180.00 to $195.00 and gave the company a "neutral" rating in a research note on Wednesday, December 11th. Finally, Truist Financial cut their price target on Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $205.50.

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.