MetLife Investment Management LLC Sells 569 Shares of Vail Resorts, Inc. (NYSE:MTN)

MetLife Investment Management LLC reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 2.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,904 shares of the company’s stock after selling 569 shares during the period. MetLife Investment Management LLC owned 0.06% of Vail Resorts worth $3,643,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fairbanks Capital Management Inc. raised its position in shares of Vail Resorts by 2.5% in the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after purchasing an additional 63 shares during the period. Artemis Investment Management LLP lifted its position in shares of Vail Resorts by 4.6% during the second quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after acquiring an additional 75 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Vail Resorts by 20.9% in the second quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock worth $88,000 after acquiring an additional 84 shares during the period. Finally, Condor Capital Management grew its position in shares of Vail Resorts by 0.8% in the second quarter. Condor Capital Management now owns 11,172 shares of the company’s stock valued at $2,013,000 after purchasing an additional 88 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Vail Resorts stock opened at $176.86 on Tuesday. Vail Resorts, Inc. has a fifty-two week low of $165.00 and a fifty-two week high of $236.92. The firm’s fifty day moving average price is $175.40 and its 200-day moving average price is $179.17. The stock has a market cap of $6.63 billion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 1.72 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 released its quarterly 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 net margin of 7.99% and a return on equity of 20.76%. The firm had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter in the previous year, the business earned ($3.35) EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.02%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is currently 147.26%.

Insiders Place Their Bets

In other news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the transaction, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on MTN. Barclays cut their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. UBS Group started coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Stifel Nicolaus decreased their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a report on Friday, September 27th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $205.90.

Vail Resorts Company 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.