Concurrent Investment Advisors LLC Invests $271,000 in Vail Resorts, Inc. (NYSE:MTN)

Concurrent Investment Advisors LLC bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,555 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTN. Allspring Global Investments Holdings LLC bought a new stake in Vail Resorts during the first quarter worth about $118,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Vail Resorts by 25.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,362 shares of the company’s stock valued at $1,418,000 after purchasing an additional 1,284 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Vail Resorts by 1,162.3% during the first quarter. SG Americas Securities LLC now owns 15,337 shares of the company’s stock valued at $3,418,000 after purchasing an additional 14,122 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Vail Resorts by 78.3% in the first quarter. Russell Investments Group Ltd. now owns 9,882 shares of the company’s stock valued at $2,198,000 after buying an additional 4,340 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in Vail Resorts by 8.6% during the 1st quarter. Bleakley Financial Group LLC now owns 3,051 shares of the company’s stock worth $680,000 after acquiring an additional 241 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the sale, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Angela A. Korch purchased 165 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the purchase, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Vail Resorts Trading Up 2.2 %

MTN opened at $181.78 on Tuesday. Vail Resorts, Inc. has a 52 week low of $165.00 and a 52 week high of $236.92. The stock has a market cap of $6.81 billion, a PE ratio of 30.15, a PEG ratio of 1.70 and a beta of 1.13. The business has a 50 day moving average of $176.00 and a 200-day moving average of $180.83. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62.

Vail Resorts (NYSE:MTN) last issued its earnings results 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). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the prior year, the company posted ($3.35) EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 4.89%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Wall Street Analyst Weigh In

MTN has been the subject of several research reports. 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. Macquarie reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced 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. Finally, Morgan Stanley lifted their price objective on 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 given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.