Cerity Partners LLC Has $1.96 Million Position in Vail Resorts, Inc. (NYSE:MTN)

Cerity Partners LLC decreased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,025 shares of the company’s stock after selling 512 shares during the period. Cerity Partners LLC’s holdings in Vail Resorts were worth $1,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Vail Resorts in the 4th quarter valued at about $80,669,000. Wealthfront Advisers LLC bought a new position in shares of Vail Resorts during the fourth quarter worth about $42,532,000. DnB Asset Management AS acquired a new stake in Vail Resorts in the 4th quarter valued at approximately $33,286,000. Raymond James Financial Inc. bought a new stake in Vail Resorts in the 4th quarter valued at approximately $23,170,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Vail Resorts by 57.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 312,232 shares of the company’s stock worth $58,528,000 after acquiring an additional 114,207 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the purchase, the chief financial officer now owns 2,956 shares of the company’s stock, valued at approximately $472,960. The trade was a 6.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MTN shares. JPMorgan Chase & Co. boosted their price objective 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. Mizuho decreased their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Macquarie dropped their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Barclays restated an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Finally, Morgan Stanley dropped their price objective on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. Two investment 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. According to MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $193.56.

Vail Resorts Price Performance

Shares of MTN opened at $137.76 on Thursday. The firm has a market capitalization of $5.14 billion, a PE ratio of 22.88, a PEG ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The company’s 50-day moving average is $155.88 and its 200-day moving average is $170.29. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $225.45.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $5.76 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s dividend payout ratio is 130.21%.

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.