Vail Resorts, Inc. (NYSE:MTN) Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 606.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 341,311 shares of the company’s stock after purchasing an additional 293,006 shares during the period. River Road Asset Management LLC owned 0.91% of Vail Resorts worth $59,487,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after purchasing an additional 553,337 shares during the period. First Pacific Advisors LP acquired a new position in shares of Vail Resorts in the 2nd quarter valued at $62,466,000. AQR Capital Management LLC grew its holdings in shares of Vail Resorts by 1,063.7% during the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares during the period. Ceredex Value Advisors LLC increased its position in shares of Vail Resorts by 186.2% during the 3rd quarter. Ceredex Value Advisors LLC now owns 245,318 shares of the company’s stock worth $42,756,000 after purchasing an additional 159,600 shares during the last quarter. Finally, TPG GP A LLC raised its holdings in Vail Resorts by 17.4% in the 2nd quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after buying an additional 133,607 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 0.1 %

MTN opened at $166.43 on Tuesday. Vail Resorts, Inc. has a one year low of $165.00 and a one 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. The stock has a market capitalization of $6.24 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The business’s 50-day simple moving average is $176.69 and its 200-day simple moving average is $182.07.

Vail Resorts (NYSE:MTN) last released its quarterly 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). 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 for the quarter, compared to analyst estimates of $264.84 million. During the same period last year, the firm earned ($3.35) EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is presently 147.26%.

Insiders Place Their Bets

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 stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction dated 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 sale, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the business’s stock in a transaction that occurred on 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 owns 45,111 shares in the company, valued at $7,807,360.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MTN shares. Macquarie reissued a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. Morgan Stanley boosted their target price on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft reduced their target price 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. Stifel Nicolaus cut their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, Barclays lowered their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $208.22.

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.