Cerity Partners LLC Purchases 1,162 Shares of Vail Resorts, Inc. (NYSE:MTN)

Cerity Partners LLC grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 11.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,537 shares of the company’s stock after buying an additional 1,162 shares during the quarter. Cerity Partners LLC’s holdings in Vail Resorts were worth $2,011,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in Vail Resorts by 1,250.0% during the 2nd quarter. Versant Capital Management Inc now owns 324 shares of the company’s stock worth $58,000 after acquiring an additional 300 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of Vail Resorts by 391.3% during the second quarter. Linden Thomas Advisory Services LLC now owns 16,296 shares of the company’s stock valued at $2,935,000 after purchasing an additional 12,979 shares in the last quarter. Mendota Financial Group LLC increased its holdings in Vail Resorts by 20.7% during the second quarter. Mendota Financial Group LLC now owns 730 shares of the company’s stock valued at $131,000 after buying an additional 125 shares during the period. Mitchell & Pahl Private Wealth LLC raised its stake in Vail Resorts by 6.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 2,541 shares of the company’s stock worth $458,000 after buying an additional 146 shares in the last quarter. Finally, Aurora Investment Managers LLC. lifted its holdings in Vail Resorts by 18.9% during the second quarter. Aurora Investment Managers LLC. now owns 8,273 shares of the company’s stock worth $1,490,000 after buying an additional 1,314 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch acquired 165 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were bought at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert A. Katz sold 9,296 shares of the 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 transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

MTN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Macquarie reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Morgan Stanley increased their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Stifel Nicolaus dropped their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $205.90.

Vail Resorts Stock Down 1.7 %

NYSE:MTN opened at $179.24 on Monday. The firm has a market capitalization of $6.72 billion, a P/E ratio of 29.72, a PEG ratio of 1.72 and a beta of 1.13. The company’s fifty day moving average price is $175.40 and its 200-day moving average price is $179.33. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year 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.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company had revenue of $265.39 million for 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 business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 yield of 4.95%. Vail Resorts’s payout ratio is 147.26%.

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.