Amica Mutual Insurance Co. Sells 5,408 Shares of Vail Resorts, Inc. (NYSE:MTN)

Amica Mutual Insurance Co. reduced its stake in Vail Resorts, Inc. (NYSE:MTN) by 45.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,381 shares of the company’s stock after selling 5,408 shares during the period. Amica Mutual Insurance Co.’s holdings in Vail Resorts were worth $1,362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTN. Pittenger & Anderson Inc. increased its stake in shares of Vail Resorts by 125.0% in the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after buying an additional 65 shares during the period. Park Place Capital Corp lifted its holdings in Vail Resorts by 531.6% in the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after buying an additional 101 shares during the period. Rise Advisors LLC grew its position in shares of Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after buying an additional 61 shares during the last quarter. Desjardins Global Asset Management Inc. grew its position in shares of Vail Resorts by 70.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after buying an additional 69 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Vail Resorts during the fourth quarter valued at approximately $45,000. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Down 1.4 %

Shares of MTN traded down $2.68 on Monday, hitting $195.65. 519,079 shares of the stock traded hands, compared to its average volume of 490,531. The company has a market capitalization of $7.43 billion, a PE ratio of 32.66, a P/E/G ratio of 2.19 and a beta of 1.11. Vail Resorts, Inc. has a one year low of $195.13 and a one year high of $258.13. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. The business has a 50 day simple moving average of $221.91 and a 200 day simple moving average of $220.78.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $5.16 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial reissued a “buy” rating and set a $290.00 price objective on shares of Vail Resorts in a research report on Friday, January 19th. JPMorgan Chase & Co. lowered their price objective on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Finally, Morgan Stanley decreased their price objective on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $260.11.

Insider Activity

In other news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

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.