Kingsview Wealth Management LLC Raises Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Kingsview Wealth Management LLC grew its stake in Vail Resorts, Inc. (NYSE:MTN) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,091 shares of the company’s stock after buying an additional 2,518 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.11% of Vail Resorts worth $7,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Trust N.A. increased its position in Vail Resorts by 14.7% in the third quarter. Raymond James Trust N.A. now owns 1,588 shares of the company’s stock worth $277,000 after buying an additional 203 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Vail Resorts by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company’s stock worth $201,263,000 after buying an additional 40,643 shares in the last quarter. Aurora Investment Counsel increased its position in Vail Resorts by 7.6% in the third quarter. Aurora Investment Counsel now owns 13,786 shares of the company’s stock worth $2,403,000 after buying an additional 974 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Vail Resorts by 325.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,035 shares of the company’s stock worth $2,098,000 after buying an additional 9,208 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Vail Resorts during the third quarter worth about $1,152,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $184.24 on Friday. The stock has a 50 day moving average of $175.50 and a 200 day moving average of $179.93. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The firm has a market cap of $6.91 billion, a PE ratio of 30.55, a PEG ratio of 1.73 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62.

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

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

Insider Activity

In other news, insider Robert A. Katz sold 9,296 shares of the 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 sale, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The stock was acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

MTN has been the subject of several research analyst reports. Morgan Stanley increased their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. 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 report on Friday, September 27th. Finally, Macquarie reiterated a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $205.90.

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.