Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 65.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,967 shares of the company's stock after selling 13,251 shares during the period. Sanctuary Advisors LLC's holdings in Vail Resorts were worth $1,284,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company's stock worth $114,481,000 after buying an additional 553,337 shares during the period. First Pacific Advisors LP purchased a new position in shares of Vail Resorts during the 2nd quarter worth about $62,466,000. River Road Asset Management LLC grew its holdings in Vail Resorts by 606.6% during the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company's stock valued at $59,487,000 after purchasing an additional 293,006 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Vail Resorts during the 3rd quarter valued at about $35,264,000. Finally, FMR LLC lifted its stake in Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company's stock worth $36,219,000 after purchasing an additional 190,210 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Transactions at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Angela A. Korch bought 165 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Vail Resorts Stock Up 1.4 %

NYSE:MTN traded up $2.59 during trading hours on Friday, reaching $184.32. The company's stock had a trading volume of 1,006,909 shares, compared to its average volume of 532,595. 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 company has a market capitalization of $6.90 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The stock has a 50 day moving average price of $178.77 and a two-hundred day moving average price of $178.75. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data 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. 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 analysts' expectations of $251.45 million. During the same period in the prior year, the business posted ($4.60) EPS. The firm's quarterly revenue was up .7% on a year-over-year basis. Equities analysts predict that Vail Resorts, Inc. will post 7.49 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders 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 dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, December 26th. Vail Resorts's dividend payout ratio is currently 147.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MTN shares. Morgan Stanley upped their target price on Vail Resorts from $182.00 to $197.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 10th. Truist Financial cut their price objective 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. Macquarie lifted their target price on Vail Resorts from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Finally, UBS Group initiated coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They issued a "neutral" rating and a $185.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $205.50.

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.