Atria Investments Inc Acquires 676 Shares of Vail Resorts, Inc. (NYSE:MTN)

Atria Investments Inc boosted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 10.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,864 shares of the company’s stock after acquiring an additional 676 shares during the period. Atria Investments Inc’s holdings in Vail Resorts were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Signaturefd LLC boosted its holdings in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Vail Resorts in the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in shares of Vail Resorts in the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after buying an additional 153 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the acquisition, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director John F. Sorte sold 1,670 shares of Vail Resorts 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 completion of the transaction, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. This trade represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Stock Performance

Shares of MTN stock opened at $176.28 on Friday. The stock’s 50-day moving average is $175.51 and its two-hundred day moving average is $180.50. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.71 and a beta of 1.13. 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 quick ratio of 0.71 and a current ratio of 0.82.

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 the consensus estimate of ($4.28) by ($0.39). The business had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted ($3.35) EPS. Analysts predict that Vail Resorts, Inc. will post 7.27 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently announced 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 of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 5.04%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MTN shares. Macquarie reiterated 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 lowered their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. UBS Group began coverage on shares of Vail Resorts in a research report on Thursday. They set a “neutral” rating and a $185.00 price target for the company. Barclays reduced 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 report on Friday, September 27th. Finally, Morgan Stanley raised their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $205.90.

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.