Sit Investment Associates Inc. Sells 4,655 Shares of Vail Resorts, Inc. (NYSE:MTN)

Sit Investment Associates Inc. lessened its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 48.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,965 shares of the company's stock after selling 4,655 shares during the quarter. Sit Investment Associates Inc.'s holdings in Vail Resorts were worth $931,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $80,669,000. Wealthfront Advisers LLC bought a new position in shares of Vail Resorts during the fourth quarter valued at $42,532,000. FMR LLC lifted its holdings in shares of Vail Resorts by 1,080.8% during the third quarter. FMR LLC now owns 207,809 shares of the company's stock valued at $36,219,000 after acquiring an additional 190,210 shares during the period. DnB Asset Management AS acquired a new stake in shares of Vail Resorts in the 4th quarter valued at $33,286,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Vail Resorts in the 4th quarter worth about $23,170,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Vail Resorts Trading Up 2.0 %

MTN stock traded up $2.85 during midday trading on Friday, reaching $142.64. The stock had a trading volume of 762,850 shares, compared to its average volume of 581,766. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.93 and a beta of 0.93. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $229.93. The business has a fifty day simple moving average of $157.56 and a two-hundred day simple moving average of $171.12.

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Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $5.76 earnings per share. Vail Resorts's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Thursday, March 27th. Vail Resorts's dividend payout ratio (DPR) is currently 130.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTN. Mizuho cut their price target on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Macquarie cut their target price on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. StockNews.com raised Vail Resorts from a "sell" rating to a "hold" rating in a research note on Friday, December 13th. Morgan Stanley lowered their target price on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Vail Resorts has a consensus rating of "Hold" and a consensus target price of $193.56.

Insider Buying and Selling

In other news, CFO Angela A. Korch acquired 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. The trade was a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.

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.