Creative Planning Acquires 354 Shares of Vail Resorts, Inc. (NYSE:MTN)

Creative Planning lifted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,522 shares of the company’s stock after acquiring an additional 354 shares during the period. Creative Planning’s holdings in Vail Resorts were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its position in shares of Vail Resorts by 66.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company’s stock worth $10,082,000 after acquiring an additional 17,976 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Vail Resorts in the 1st quarter valued at about $3,228,000. Edgestream Partners L.P. grew its stake in shares of Vail Resorts by 146.3% in the 1st quarter. Edgestream Partners L.P. now owns 12,147 shares of the company’s stock valued at $2,707,000 after buying an additional 7,216 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Vail Resorts by 507.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock valued at $2,050,000 after buying an additional 9,506 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at about $1,486,000. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MTN. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus reduced their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Macquarie restated a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft reduced 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, Morgan Stanley raised their target price on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Two investment 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’s stock. According to data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $208.22.

Vail Resorts Price Performance

Vail Resorts stock opened at $179.98 on Thursday. Vail Resorts, Inc. has a 52 week low of $165.00 and a 52 week high of $236.92. The company’s 50 day moving average price is $176.20 and its two-hundred day moving average price is $181.49. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The stock has a market cap of $6.75 billion, a P/E ratio of 29.85, a P/E/G ratio of 1.59 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last posted its 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 return on equity of 20.76% and a net margin of 7.99%. The firm had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same period in the prior year, the business earned ($3.35) EPS. Vail Resorts’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict 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 dividend on an annualized basis and a dividend yield of 4.93%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Insider Buying and Selling

In related 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 value of $1,635,910.08. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now directly owns 2,187 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction 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 transaction, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. 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 insiders.

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.