International Assets Investment Management LLC Acquires 39,961 Shares of Vail Resorts, Inc. (NYSE:MTN)

International Assets Investment Management LLC boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 8,290.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 40,443 shares of the company’s stock after buying an additional 39,961 shares during the period. International Assets Investment Management LLC’s holdings in Vail Resorts were worth $7,049,000 as of its most recent SEC filing.

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

Vail Resorts Trading Down 1.9 %

Shares of Vail Resorts stock opened at $165.62 on Friday. The company has a fifty day moving average of $176.93 and a 200 day moving average of $183.04. Vail Resorts, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $236.92. The company has a market capitalization of $6.21 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.61 and a beta of 1.13. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data 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 company had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same period last year, the company earned ($3.35) EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Insider Activity at Vail Resorts

In related news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average cost of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays reduced their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Stifel Nicolaus reduced their price objective 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. 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. Macquarie restated a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upped their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and an average 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.