DekaBank Deutsche Girozentrale Buys 5,567 Shares of Vail Resorts, Inc. (NYSE:MTN)

DekaBank Deutsche Girozentrale raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 656.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,415 shares of the company’s stock after purchasing an additional 5,567 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Vail Resorts were worth $1,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Vail Resorts by 66.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company’s stock valued at $10,082,000 after acquiring an additional 17,976 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Vail Resorts in the 1st quarter worth about $3,228,000. Nordea Investment Management AB raised its position in Vail Resorts by 5.9% in the 1st quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after purchasing an additional 24,456 shares during the period. Edgestream Partners L.P. raised its position in Vail Resorts by 146.3% in the 1st quarter. Edgestream Partners L.P. now owns 12,147 shares of the company’s stock worth $2,707,000 after purchasing an additional 7,216 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in 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 purchasing an additional 9,506 shares during the period. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MTN. Stifel Nicolaus reduced their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Morgan Stanley lifted their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Barclays dropped their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday, September 27th. Macquarie reaffirmed a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average price target of $208.22.

Insider Buying and Selling

In related news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the sale, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John F. Sorte sold 1,670 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the sale, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Stock Performance

Vail Resorts stock opened at $165.79 on Friday. The firm has a 50 day simple moving average of $176.69 and a 200-day simple moving average of $182.62. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13.

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 analysts’ consensus estimates of ($4.28) by ($0.39). The company had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted ($3.35) EPS. On average, analysts expect 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. Investors of record on Tuesday, October 8th were given a dividend of $2.22 per share. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.36%. Vail Resorts’s payout ratio is currently 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.