Kingfisher Capital LLC Sells 1,130 Shares of Vail Resorts, Inc. (NYSE:MTN)

Kingfisher Capital LLC lessened its stake in Vail Resorts, Inc. (NYSE:MTN) by 12.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,220 shares of the company’s stock after selling 1,130 shares during the quarter. Kingfisher Capital LLC’s holdings in Vail Resorts were worth $1,433,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MTN. Signaturefd LLC raised its position in Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Vail Resorts during the 3rd quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in shares of Vail Resorts in the 3rd quarter worth $25,000. Brown Brothers Harriman & Co. raised its holdings in shares of 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 purchasing an additional 153 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Vail Resorts by 123.5% during the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Angela A. Korch acquired 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, with a total value of $28,559.85. Following the acquisition, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. This represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Vail Resorts Stock Down 0.2 %

MTN stock opened at $182.26 on Friday. The stock has a fifty day moving average of $175.61 and a 200-day moving average of $179.66. 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 market capitalization of $6.83 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.74 and a beta of 1.13. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the prior year, the business earned ($3.35) EPS. Vail Resorts’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.27 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 4.87%. Vail Resorts’s payout ratio is 147.26%.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of recent analyst reports. Barclays reduced their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Stifel Nicolaus reduced their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Macquarie reaffirmed a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research report on Wednesday, October 2nd. UBS Group assumed coverage on Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective on the stock. Finally, StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus price target of $205.90.

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.