Miracle Mile Advisors LLC Makes New Investment in Vail Resorts, Inc. (NYSE:MTN)

Miracle Mile Advisors LLC purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,056 shares of the company’s stock, valued at approximately $358,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTN. GAMMA Investing LLC boosted its holdings in shares of Vail Resorts by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock worth $57,000 after purchasing an additional 56 shares in the last quarter. Park Avenue Securities LLC grew its position in Vail Resorts by 2.1% during the first quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $668,000 after acquiring an additional 62 shares during the last quarter. Fairbanks Capital Management Inc. raised its stake in shares of Vail Resorts by 2.5% during the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock worth $462,000 after acquiring an additional 63 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Vail Resorts by 4.6% in the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after acquiring an additional 75 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after purchasing an additional 78 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction on 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 transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Vail Resorts news, CFO Angela A. Korch acquired 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. The trade was 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 company insiders.

Vail Resorts Stock Performance

Shares of MTN stock opened at $170.50 on Wednesday. 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 fifty day moving average of $178.37 and a 200 day moving average of $189.08. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.60 and a beta of 1.13. Vail Resorts, Inc. has a 52 week low of $165.14 and a 52 week high of $236.92.

Vail Resorts (NYSE:MTN) last announced its earnings results 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 the consensus estimate of $264.84 million. During the same period in the previous year, the firm posted ($3.35) EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts expect that Vail Resorts, Inc. will post 7.52 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s dividend payout ratio is currently 120.82%.

Wall Street Analysts Forecast Growth

MTN has been the subject of several recent research reports. Barclays lowered 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 note on Friday, September 27th. Macquarie restated a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Morgan Stanley boosted their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $208.22.

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.