Janus Henderson Group PLC Cuts Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Janus Henderson Group PLC decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,200 shares of the company’s stock after selling 206 shares during the quarter. Janus Henderson Group PLC’s holdings in Vail Resorts were worth $3,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Graham Capital Management L.P. purchased a new stake in Vail Resorts in the 4th quarter valued at about $923,000. Focus Partners Wealth purchased a new stake in shares of Vail Resorts during the fourth quarter valued at approximately $22,255,000. Cetera Investment Advisers lifted its holdings in Vail Resorts by 50.9% during the fourth quarter. Cetera Investment Advisers now owns 1,793 shares of the company’s stock worth $336,000 after acquiring an additional 605 shares during the period. Brevan Howard Capital Management LP boosted its position in Vail Resorts by 568.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,580 shares of the company’s stock worth $2,920,000 after purchasing an additional 13,248 shares during the last quarter. Finally, Bridgefront Capital LLC bought a new position in Vail Resorts in the 4th quarter valued at $1,732,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

MTN stock opened at $152.47 on Tuesday. The firm has a 50 day simple moving average of $147.68 and a two-hundred day simple moving average of $165.71. The stock has a market cap of $5.69 billion, a PE ratio of 25.33, a P/E/G ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $204.72. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $5.76 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 5.82%. Vail Resorts’s payout ratio is 130.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MTN. Macquarie decreased their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. raised their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. Barclays reiterated an “underweight” rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Morgan Stanley set a $152.00 price target on shares of Vail Resorts in a research note on Friday, April 25th. Finally, Bank of America dropped their price objective on Vail Resorts from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus price target of $187.60.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the acquisition, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at $472,960. This represents a 6.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company 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.