PYA Waltman Capital LLC Increases Holdings in Vail Resorts, Inc. (NYSE:MTN)

PYA Waltman Capital LLC raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 38.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,222 shares of the company’s stock after buying an additional 8,042 shares during the quarter. Vail Resorts comprises approximately 1.7% of PYA Waltman Capital LLC’s holdings, making the stock its 16th largest position. PYA Waltman Capital LLC owned about 0.08% of Vail Resorts worth $5,093,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MTN. MML Investors Services LLC grew its stake in Vail Resorts by 7.1% during the third quarter. MML Investors Services LLC now owns 7,847 shares of the company’s stock valued at $1,368,000 after acquiring an additional 521 shares in the last quarter. Stifel Financial Corp grew its position in shares of Vail Resorts by 47.6% during the third quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock valued at $3,683,000 after purchasing an additional 6,816 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Vail Resorts in the third quarter worth about $765,000. Quarry LP lifted its position in shares of Vail Resorts by 418.6% in the third quarter. Quarry LP now owns 363 shares of the company’s stock worth $63,000 after buying an additional 293 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Vail Resorts during the 3rd quarter worth approximately $1,155,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vail Resorts

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Macquarie reissued a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday, October 2nd. Barclays decreased their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday, September 27th. Morgan Stanley lifted their price target on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vail Resorts has an average rating of “Hold” and an average target price of $205.90.

Vail Resorts Stock Performance

Vail Resorts stock opened at $190.70 on Monday. Vail Resorts, Inc. has a fifty-two week low of $165.00 and a fifty-two week high of $236.92. The company has a market capitalization of $7.15 billion, a PE ratio of 31.63, a P/E/G ratio of 1.97 and a beta of 1.14. The company has a 50 day moving average price of $175.50 and a 200-day moving average price of $178.64. 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 posted its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The firm had revenue of $265.39 million for 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%. Vail Resorts’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.35) EPS. As a group, equities analysts forecast that Vail Resorts, Inc. will post 7.23 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a $2.22 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 4.66%. Vail Resorts’s dividend payout ratio is currently 147.26%.

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.