Point72 Asia Singapore Pte. Ltd. Takes Position in Vail Resorts, Inc. (NYSE:MTN)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,884 shares of the company’s stock, valued at approximately $503,000.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in shares of Vail Resorts by 507.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock worth $2,050,000 after acquiring an additional 9,506 shares during the last quarter. OFI Invest Asset Management bought a new stake in Vail Resorts in the second quarter worth $1,486,000. AQR Capital Management LLC boosted its position in Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock valued at $31,767,000 after buying an additional 161,820 shares during the period. River Road Asset Management LLC grew its stake in shares of Vail Resorts by 606.6% during the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after buying an additional 293,006 shares during the last quarter. Finally, First Pacific Advisors LP bought a new position in shares of Vail Resorts during the second quarter valued at about $62,466,000. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, 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 sale, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. The trade was a 3.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average cost of $173.09 per share, with a total value of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The disclosure for this purchase 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 weighed in on the company. Stifel Nicolaus lowered their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Macquarie reissued a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday, October 2nd. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Monday. Barclays dropped 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. Finally, UBS Group assumed coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus price target of $205.90.

Vail Resorts Trading Down 1.3 %

Shares of MTN opened at $176.86 on Tuesday. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The firm’s 50-day moving average price is $175.40 and its 200-day moving average price is $179.17. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.72 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The firm had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same period in the previous year, the firm posted ($3.35) earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 5.02%. 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.