Point72 DIFC Ltd Makes New Investment in Vail Resorts, Inc. (NYSE:MTN)

Point72 DIFC Ltd bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,626 shares of the company's stock, valued at approximately $1,155,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new position in Vail Resorts during the third quarter worth about $35,264,000. Michelson Medical Research Foundation Inc. acquired a new stake in shares of Vail Resorts in the third quarter valued at approximately $8,714,000. Holocene Advisors LP grew its position in shares of Vail Resorts by 23.2% in the third quarter. Holocene Advisors LP now owns 41,218 shares of the company's stock valued at $7,184,000 after purchasing an additional 7,750 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Vail Resorts in the third quarter valued at approximately $1,568,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Vail Resorts in the third quarter valued at approximately $335,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the acquisition, the chief financial officer now owns 2,187 shares of the company's stock, valued at $378,547.83. The trade was a 8.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction 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 transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Vail Resorts Trading Down 0.5 %

Shares of MTN traded down $0.87 during mid-day trading on Thursday, reaching $190.98. The company had a trading volume of 1,137,544 shares, compared to its average volume of 528,530. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.14. The firm has a fifty day simple moving average of $175.24 and a 200-day simple moving average of $178.91. 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 current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned ($3.35) EPS. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.24 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were issued a dividend of $2.22 per share. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 4.65%. Vail Resorts's payout ratio is 147.26%.

Analysts Set New Price Targets

MTN has been the topic of several research reports. Morgan Stanley increased their price target on shares of 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 decreased their target price on shares of Vail Resorts from $218.00 to $194.00 and set a "hold" rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus decreased their target price 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. 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. Finally, StockNews.com upgraded shares of Vail Resorts from a "sell" rating to a "hold" rating in a research report on Monday. 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $205.90.

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.