Vail Resorts, Inc. $MTN Shares Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC raised its stake in Vail Resorts, Inc. (NYSE:MTN) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,724 shares of the company’s stock after buying an additional 11,809 shares during the period. Rice Hall James & Associates LLC’s holdings in Vail Resorts were worth $17,309,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MTN. EverSource Wealth Advisors LLC grew its holdings in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after purchasing an additional 124 shares during the period. Farther Finance Advisors LLC increased its stake in Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after purchasing an additional 169 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Vail Resorts by 222.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after buying an additional 147 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Vail Resorts during the second quarter valued at about $33,000. 94.90% of the stock is owned by institutional investors.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch acquired 210 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This represents a 4.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MTN shares. Barclays dropped their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft set a $169.00 price objective on shares of Vail Resorts in a research note on Thursday, December 11th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. raised their target price on Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Finally, Mizuho lowered their price target on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $176.30.

Vail Resorts Stock Up 0.4%

MTN stock opened at $140.27 on Friday. The company has a 50 day moving average of $146.30 and a two-hundred day moving average of $152.06. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 10.74 and a beta of 0.81. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $191.42. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.23) by $0.03. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The business had revenue of $271.03 million during the quarter, compared to analyst estimates of $273.35 million. During the same period last year, the company earned ($4.61) earnings per share. Vail Resorts’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, December 30th. Vail Resorts’s payout ratio is currently 130.21%.

Vail Resorts Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.