Vail Resorts, Inc. (NYSE:MTN) Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC grew its holdings in Vail Resorts, Inc. (NYSE:MTN) by 606.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,311 shares of the company’s stock after purchasing an additional 293,006 shares during the quarter. River Road Asset Management LLC’s holdings in Vail Resorts were worth $59,487,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC grew its holdings in Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Vail Resorts during the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. raised its stake in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares during the last quarter. UMB Bank n.a. raised its stake in Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares during the last quarter. Finally, Canton Hathaway LLC lifted its holdings in Vail Resorts by 66.7% in the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value 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 $43,284,216.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction that occurred 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 $43,284,216.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective 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. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Monday. Barclays decreased their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, Macquarie reissued a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus target price of $208.22.

Vail Resorts Stock Performance

Vail Resorts stock opened at $166.43 on Tuesday. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. 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 stock’s 50-day moving average is $176.69 and its 200-day moving average is $182.07.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter in the previous year, the business posted ($3.35) EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post 7.27 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were issued a $2.22 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 5.34%. Vail Resorts’s dividend payout ratio is currently 147.26%.

Vail Resorts 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.