B. Riley Wealth Advisors Inc. Sells 590 Shares of Vail Resorts, Inc. (NYSE:MTN)

B. Riley Wealth Advisors Inc. lowered its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,099 shares of the company’s stock after selling 590 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Vail Resorts were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Vail Resorts by 14,502.1% in the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock worth $10,255,000 after purchasing an additional 47,712 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Vail Resorts during the 4th quarter valued at about $1,533,000. Nordea Investment Management AB grew its stake in shares of Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after acquiring an additional 400,941 shares during the period. Galibier Capital Management Ltd. bought a new position in Vail Resorts during the fourth quarter valued at approximately $3,932,000. Finally, Junto Capital Management LP bought a new position in Vail Resorts during the fourth quarter valued at approximately $14,011,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Up 1.1 %

Shares of MTN stock opened at $181.51 on Tuesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $254.78. The company’s fifty day moving average price is $193.61 and its 200-day moving average price is $212.78. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.91 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing the consensus estimate of $9.94 by ($0.40). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Sell-side analysts expect that Vail Resorts, Inc. will post 6.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $244.00 to $226.00 in a research note on Thursday, June 6th. Morgan Stanley lowered their target price on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and cut their price target for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Stifel Nicolaus lowered their price objective on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Mizuho cut their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $221.50.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch acquired 575 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $176.20 per share, with a total value of $101,315.00. Following the acquisition, the chief financial officer now directly owns 1,171 shares in the company, valued at approximately $206,330.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

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.