Raleigh Capital Management Inc. Raises Position in Vail Resorts, Inc. (NYSE:MTN)

Raleigh Capital Management Inc. lifted its stake in Vail Resorts, Inc. (NYSE:MTN) by 57.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 326 shares of the company’s stock after purchasing an additional 119 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Vail Resorts were worth $57,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Signaturefd LLC boosted its stake in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Vail Resorts in the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its stake in shares of 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. UMB Bank n.a. grew its holdings in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares during the last quarter. Finally, Canton Hathaway LLC raised its position in Vail Resorts by 66.7% in the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the period. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Trading Down 1.2 %

NYSE MTN opened at $168.50 on Thursday. The company’s 50-day simple moving average is $178.10 and its two-hundred day simple moving average is $185.43. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $236.92. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.65 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 issued its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The business had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned ($3.35) EPS. Equities analysts forecast that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s payout ratio is currently 120.82%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTN. Deutsche Bank Aktiengesellschaft cut their target price 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. Barclays reduced their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. StockNews.com lowered 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 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. Finally, Morgan Stanley boosted their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $208.22.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch bought 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost 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 of the company’s stock, valued at $378,547.83. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, 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 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 directly owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was bought 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 of the company’s stock, valued at approximately $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 corporate insiders.

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.