Apollon Wealth Management LLC Raises Holdings in Vail Resorts, Inc. (NYSE:MTN)

Apollon Wealth Management LLC increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 7.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,820 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Apollon Wealth Management LLC’s holdings in Vail Resorts were worth $317,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted 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 purchasing an additional 83 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Vail Resorts during the third quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Vail Resorts during the third quarter worth $25,000. Brown Brothers Harriman & Co. lifted its stake in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Vail Resorts by 123.5% during the third 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 hedge funds and other institutional investors.

Vail Resorts Stock Performance

NYSE:MTN opened at $176.28 on Monday. The firm has a market capitalization of $6.61 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The business’s fifty day moving average price is $175.51 and its 200 day moving average price is $180.42. 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, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned ($3.35) EPS. 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 company 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 5.04%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 165 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 8.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the transaction, the director now directly owns 45,111 shares in the company, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MTN. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. UBS Group initiated coverage on Vail Resorts in a research note on Thursday. They issued a “neutral” rating and a $185.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Morgan Stanley increased their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus reduced their price objective 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. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $205.90.

Vail Resorts Company 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.