Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Commerce Bank

Commerce Bank reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 15.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,387 shares of the company’s stock after selling 605 shares during the quarter. Commerce Bank’s holdings in Vail Resorts were worth $590,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares during the period. V Square Quantitative Management LLC purchased a new stake in Vail Resorts in the 3rd quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new stake in Vail Resorts in the 3rd quarter valued at approximately $25,000. Brown Brothers Harriman & Co. increased its position in Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

MTN has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target 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. Morgan Stanley boosted their target price 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. UBS Group started coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $205.90.

Insider Buying and Selling at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the business’s 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 completion of the transaction, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. The trade was a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Angela A. Korch bought 165 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 8.16 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Vail Resorts Stock Up 1.6 %

Shares of NYSE MTN opened at $187.13 on Tuesday. The firm’s 50-day moving average is $175.63 and its two-hundred day moving average is $179.75. The company has a market capitalization of $7.02 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. Vail Resorts, Inc. has a 12-month low of $165.00 and a 12-month 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 announced its earnings results on Thursday, September 26th. The company reported ($4.67) EPS 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 analyst estimates of $264.84 million. During the same quarter last year, the company posted ($3.35) EPS. Vail Resorts’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.75%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

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.