Vail Resorts, Inc. (NYSE:MTN) Shares Purchased by FORA Capital LLC

FORA Capital LLC boosted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,965 shares of the company’s stock after acquiring an additional 1,415 shares during the quarter. FORA Capital LLC’s holdings in Vail Resorts were worth $2,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in Vail Resorts by 507.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock valued at $2,050,000 after buying an additional 9,506 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Vail Resorts during the second quarter valued at about $1,486,000. Swedbank AB purchased a new stake in shares of Vail Resorts in the 1st quarter valued at approximately $9,486,000. Virtu Financial LLC lifted its holdings in shares of Vail Resorts by 114.3% in the 1st quarter. Virtu Financial LLC now owns 7,056 shares of the company’s stock worth $1,572,000 after acquiring an additional 3,763 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Vail Resorts by 1,063.7% during the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was bought at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MTN. StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Barclays cut their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. UBS Group assumed coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target on the stock. Finally, Morgan Stanley raised their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average target price of $205.90.

Vail Resorts Stock Down 0.3 %

Shares of Vail Resorts stock opened at $182.11 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. Vail Resorts, Inc. has a 52-week low of $165.00 and a 52-week high of $236.92. The company has a market capitalization of $6.83 billion, a P/E ratio of 30.20, a P/E/G ratio of 1.79 and a beta of 1.13. The company has a 50 day moving average of $175.63 and a 200 day moving average of $179.64.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted ($3.35) earnings per share. As a group, research analysts forecast that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 4.88%. Vail Resorts’s dividend payout ratio is currently 147.26%.

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.