Truvestments Capital LLC Sells 6,167 Shares of Vail Resorts, Inc. (NYSE:MTN)

Truvestments Capital LLC reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 86.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 949 shares of the company’s stock after selling 6,167 shares during the quarter. Truvestments Capital LLC’s holdings in Vail Resorts were worth $212,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Vail Resorts by 1.0% during the first quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock valued at $402,716,000 after buying an additional 17,432 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Vail Resorts by 5.9% during the 1st quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock valued at $98,470,000 after acquiring an additional 24,456 shares during the last quarter. Norges Bank bought a new stake in shares of Vail Resorts in the fourth quarter worth approximately $85,704,000. Dimensional Fund Advisors LP raised its holdings in shares of Vail Resorts by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock valued at $55,347,000 after purchasing an additional 6,336 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Vail Resorts by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 232,804 shares of the company’s stock valued at $49,697,000 after purchasing an additional 3,383 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Vail Resorts stock traded up $3.71 during midday trading on Friday, hitting $184.65. The stock had a trading volume of 393,036 shares, compared to its average volume of 452,351. Vail Resorts, Inc. has a 52-week low of $165.14 and a 52-week high of $254.78. The company has a market capitalization of $6.95 billion, a PE ratio of 25.12, a P/E/G ratio of 2.84 and a beta of 1.14. The firm’s fifty day moving average is $182.41 and its two-hundred day moving average is $205.76. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. On average, research analysts forecast that Vail Resorts, Inc. will post 6.48 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th were paid a $2.22 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 4.81%. Vail Resorts’s payout ratio is presently 120.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MTN shares. Mizuho cut their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Stifel Nicolaus cut their price objective on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. Morgan Stanley cut their price target on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $217.00 to $176.00 in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and a consensus price target of $221.50.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 575 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $176.20 per share, with a total value of $101,315.00. Following the acquisition, the chief financial officer now owns 1,171 shares in the company, valued at $206,330.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

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.