72,160 Shares in Vail Resorts, Inc. (NYSE:MTN) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 72,160 shares of the company’s stock, valued at approximately $12,577,000. Point72 Hong Kong Ltd owned about 0.19% of Vail Resorts as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTN. Charles Schwab Investment Management Inc. grew its stake in shares of Vail Resorts by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company’s stock valued at $201,263,000 after buying an additional 40,643 shares in the last quarter. TPG GP A LLC boosted its holdings in Vail Resorts by 17.4% during the 2nd quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after acquiring an additional 133,607 shares during the period. The Manufacturers Life Insurance Company grew its position in Vail Resorts by 8.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company’s stock valued at $119,734,000 after acquiring an additional 51,438 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Vail Resorts by 36.3% during the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after purchasing an additional 94,923 shares during the period. Finally, First Pacific Advisors LP acquired a new stake in shares of Vail Resorts during the second quarter worth about $62,466,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MTN shares. UBS Group initiated coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Barclays reduced their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. 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. Finally, StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and a consensus price target of $205.90.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $179.24 on Friday. The stock’s 50-day simple moving average is $175.40 and its 200-day simple moving average is $179.51. The firm has a market capitalization of $6.72 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. 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 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 released its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. During the same period in the previous year, the business posted ($3.35) EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 4.95%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Insider Buying and Selling at Vail Resorts

In related news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction dated 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 represents a 3.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Sorte sold 1,670 shares of the firm’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. This represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

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.