Hardy Reed LLC Grows Stake in Vail Resorts, Inc. (NYSE:MTN)

Hardy Reed LLC boosted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 27.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,269 shares of the company’s stock after purchasing an additional 488 shares during the period. Hardy Reed LLC’s holdings in Vail Resorts were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its position in Vail Resorts by 8.5% during the first quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after acquiring an additional 78 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Vail Resorts by 5.9% in the first quarter. Kennedy Capital Management LLC now owns 7,023 shares of the company’s stock worth $1,565,000 after purchasing an additional 394 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Vail Resorts by 28.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,689 shares of the company’s stock valued at $597,000 after buying an additional 590 shares during the period. California State Teachers Retirement System grew its stake in shares of Vail Resorts by 1.0% during the first quarter. California State Teachers Retirement System now owns 61,727 shares of the company’s stock valued at $13,755,000 after buying an additional 598 shares during the last quarter. Finally, LBP AM SA raised its holdings in shares of Vail Resorts by 126.7% in the first quarter. LBP AM SA now owns 4,011 shares of the company’s stock worth $894,000 after buying an additional 2,242 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 2.4 %

Shares of MTN stock opened at $182.57 on Wednesday. Vail Resorts, Inc. has a fifty-two week low of $165.00 and a fifty-two week high of $236.92. The stock’s 50-day simple moving average is $175.63 and its 200-day simple moving average is $179.75. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The firm has a market capitalization of $6.84 billion, a PE ratio of 30.28, a P/E/G ratio of 1.79 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The company had revenue of $265.39 million for the quarter, compared to analyst estimates 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 in the prior year, the business posted ($3.35) earnings per share. Equities analysts expect that Vail Resorts, Inc. will post 7.27 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.86%. Vail Resorts’s payout ratio is 147.26%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MTN shares. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Barclays reduced their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday, September 27th. Macquarie reiterated a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Finally, Morgan Stanley upped their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $205.90.

Insider Activity

In related news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the sale, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Angela A. Korch acquired 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of $173.09 per share, with a total value of $28,559.85. Following the transaction, 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. Insiders own 1.20% of the company’s stock.

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.