Corebridge Financial Inc. Sells 2,119 Shares of Vail Resorts, Inc. (NYSE:MTN)

Corebridge Financial Inc. cut its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 42,750 shares of the company’s stock after selling 2,119 shares during the period. Corebridge Financial Inc.’s holdings in Vail Resorts were worth $8,013,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Vail Resorts during the fourth quarter valued at $33,000. Blue Trust Inc. increased its stake in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after acquiring an additional 148 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Vail Resorts during the 4th quarter valued at about $40,000. UMB Bank n.a. boosted its stake in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after acquiring an additional 83 shares in the last quarter. Finally, Quarry LP grew its holdings in Vail Resorts by 418.6% in the third quarter. Quarry LP now owns 363 shares of the company’s stock worth $63,000 after purchasing an additional 293 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MTN shares. Mizuho lowered their target price on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Morgan Stanley lowered their price objective on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Macquarie reduced their price target on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Finally, Stifel Nicolaus upped their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $193.56.

Vail Resorts Trading Down 1.9 %

Vail Resorts stock opened at $161.06 on Friday. Vail Resorts, Inc. has a one year low of $151.99 and a one year high of $233.57. The business’s fifty day moving average is $163.87 and its 200 day moving average is $174.29. The stock has a market capitalization of $6.01 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. 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 posted its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating 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 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 business earned $5.76 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.