River Road Asset Management LLC Acquires 13,831 Shares of Vail Resorts, Inc. $MTN

River Road Asset Management LLC grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 367,200 shares of the company’s stock after buying an additional 13,831 shares during the quarter. River Road Asset Management LLC owned 0.99% of Vail Resorts worth $55,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Argonautica Private Wealth Management Inc. boosted its stake in Vail Resorts by 4.9% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 1,719 shares of the company’s stock valued at $270,000 after purchasing an additional 81 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Vail Resorts by 3.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,896 shares of the company’s stock valued at $455,000 after purchasing an additional 94 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Vail Resorts by 0.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 16,585 shares of the company’s stock valued at $2,606,000 after purchasing an additional 108 shares in the last quarter. Allworth Financial LP boosted its position in shares of Vail Resorts by 19.5% during the second quarter. Allworth Financial LP now owns 717 shares of the company’s stock valued at $113,000 after buying an additional 117 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Stock Up 0.7%

MTN opened at $140.21 on Monday. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The company’s 50-day moving average price is $147.71 and its two-hundred day moving average price is $152.94. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 2.50 and a beta of 0.90. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 3.44.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The company had revenue of $271.29 million during the quarter, compared to the consensus estimate of $272.87 million. During the same period last year, the firm posted ($4.67) EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 9th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Thursday, October 9th. Vail Resorts’s dividend payout ratio is currently 119.84%.

Analyst Ratings Changes

MTN has been the topic of several recent analyst reports. Weiss Ratings cut Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Bank of America cut their price target on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Wall Street Zen downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Morgan Stanley lifted their target price on shares of Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 target price (down from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $175.60.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 210 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average price of $155.00 per share, with a total value of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares in the company, valued at $760,275. The trade was a 4.47% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.