Bleakley Financial Group LLC Raises Position in Vail Resorts, Inc. (NYSE:MTN)

Bleakley Financial Group LLC increased its stake in Vail Resorts, Inc. (NYSE:MTN) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,214 shares of the company’s stock after acquiring an additional 269 shares during the period. Bleakley Financial Group LLC’s holdings in Vail Resorts were worth $560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Vail Resorts by 673.1% in the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after acquiring an additional 553,337 shares during the last quarter. First Pacific Advisors LP acquired a new position in Vail Resorts in the second quarter valued at $62,466,000. AQR Capital Management LLC grew its holdings in shares of Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares during the last quarter. TPG GP A LLC increased its position in shares of Vail Resorts by 17.4% during the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock worth $162,017,000 after purchasing an additional 133,607 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Vail Resorts by 36.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock valued at $64,195,000 after purchasing an additional 94,923 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vail Resorts

In related news, Director John F. Sorte sold 1,670 shares of the stock in a transaction that occurred 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 sale, the director now owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Robert A. Katz sold 9,296 shares of the 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 transaction, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John F. Sorte sold 1,670 shares of the 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 transaction, the director now owns 45,111 shares in the company, 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 owned by insiders.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $167.37 on Tuesday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a market cap of $6.27 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $236.92. The business’s fifty day moving average price is $178.12 and its two-hundred day moving average price is $186.25.

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

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 5.31%. Vail Resorts’s dividend payout ratio is presently 147.26%.

Analyst Upgrades and Downgrades

MTN has been the topic of several research analyst reports. Morgan Stanley lifted their price target on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Macquarie reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft reduced 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. Finally, Stifel Nicolaus lowered 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 analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $208.22.

About Vail Resorts

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.