Vail Resorts, Inc. (NYSE:MTN) Short Interest Down 18.3% in September

Vail Resorts, Inc. (NYSE:MTN) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,700,000 shares, a drop of 18.3% from the September 15th total of 2,080,000 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average daily volume of 463,900 shares, the short-interest ratio is presently 3.7 days.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the transaction, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the transaction, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MTN. Signaturefd LLC raised its holdings in Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Quarry LP acquired a new stake in shares of Vail Resorts during the 4th quarter worth $35,000. Brown Brothers Harriman & Co. increased its holdings in shares of Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after buying an additional 121 shares during the last quarter. Finally, Canton Hathaway LLC increased its holdings in shares of Vail Resorts by 66.7% during the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after buying an additional 100 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Trading Up 1.6 %

Shares of Vail Resorts stock opened at $172.80 on Monday. The business has a 50 day moving average price of $177.97 and a 200 day moving average price of $188.06. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. The company has a market capitalization of $6.48 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.57 and a beta of 1.13. Vail Resorts has a 1 year low of $165.14 and a 1 year high of $236.92.

Vail Resorts (NYSE:MTN) last issued 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 business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted ($3.35) earnings per share. Sell-side analysts anticipate that Vail Resorts will post 7.52 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be issued a $2.22 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 5.14%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MTN shares. StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. Barclays reduced their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Stifel Nicolaus reduced their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Finally, Morgan Stanley lifted their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $208.22.

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.