Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Ladenburg Thalmann Financial Services Inc.

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Ladenburg Thalmann Financial Services Inc. raised its position in Vail Resorts, Inc. (NYSE:MTN) by 37.1% in the 2nd quarter, Holdings Channel reports. The fund owned 3,159 shares of the company’s stock after acquiring an additional 855 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Vail Resorts were worth $707,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Vail Resorts by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,705,790 shares of the company’s stock worth $827,059,000 after acquiring an additional 30,706 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Vail Resorts by 24.7% in the 2nd quarter. Wells Fargo & Company MN now owns 1,091,519 shares of the company’s stock worth $243,606,000 after acquiring an additional 215,880 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Vail Resorts by 10.7% in the 2nd quarter. Victory Capital Management Inc. now owns 388,553 shares of the company’s stock worth $86,717,000 after acquiring an additional 37,610 shares during the period. Putnam Investments LLC lifted its stake in shares of Vail Resorts by 0.7% in the 2nd quarter. Putnam Investments LLC now owns 340,015 shares of the company’s stock worth $75,885,000 after acquiring an additional 2,401 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Vail Resorts by 254.6% in the 2nd quarter. Morgan Stanley now owns 336,975 shares of the company’s stock worth $75,205,000 after acquiring an additional 241,936 shares during the period. Institutional investors own 95.28% of the company’s stock.

Shares of MTN opened at $226.18 on Friday. The company has a 50-day simple moving average of $234.77 and a 200-day simple moving average of $228.38. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $9.02 billion, a PE ratio of 29.96, a P/E/G ratio of 1.88 and a beta of 0.70. Vail Resorts, Inc. has a 52-week low of $179.60 and a 52-week high of $286.40.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($2.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.58) by $0.36. The business had revenue of $244.01 million during the quarter, compared to the consensus estimate of $239.91 million. Vail Resorts had a net margin of 13.26% and a return on equity of 18.13%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.07) EPS. On average, research analysts anticipate that Vail Resorts, Inc. will post 7.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 8th will be issued a $1.76 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.11%. Vail Resorts’s dividend payout ratio is presently 93.25%.

In other news, Director Peter A. Vaughn sold 500 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $224.09, for a total value of $112,045.00. Following the completion of the transaction, the director now owns 8,615 shares in the company, valued at approximately $1,930,535.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ryan H. Siurek sold 898 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $235.83, for a total transaction of $211,775.34. Following the completion of the transaction, the chief accounting officer now owns 1,069 shares of the company’s stock, valued at approximately $252,102.27. The disclosure for this sale can be found here. Insiders sold a total of 13,641 shares of company stock valued at $3,120,591 in the last quarter. Insiders own 2.90% of the company’s stock.

Several analysts have recently commented on the stock. Wells Fargo & Co raised their target price on shares of Vail Resorts from $230.00 to $235.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 25th. They noted that the move was a valuation call. Bank of America raised their target price on shares of Vail Resorts from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. KeyCorp raised their target price on shares of Vail Resorts from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Barclays raised their target price on shares of Vail Resorts from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, ValuEngine downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $247.26.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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