Entropy Technologies LP Buys Shares of 3,079 Vail Resorts, Inc. (NYSE:MTN)

Entropy Technologies LP acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,079 shares of the company's stock, valued at approximately $537,000.

A number of other hedge funds also recently made changes to their positions in MTN. Signaturefd LLC lifted its holdings in Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company's stock worth $25,000 after purchasing an additional 83 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Vail Resorts in the 3rd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in Vail Resorts in the 3rd quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its holdings in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company's stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company's stock worth $38,000 after purchasing an additional 121 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MTN shares. Stifel Nicolaus decreased their price objective on Vail Resorts from $223.00 to $216.00 and set a "buy" rating on the stock in a report on Friday, September 27th. Morgan Stanley upped their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. StockNews.com cut Vail Resorts from a "hold" rating to a "sell" rating in a report on Tuesday. Macquarie reaffirmed a "neutral" rating and set a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. 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 report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $205.90.

Vail Resorts Trading Down 1.1 %

NYSE:MTN traded down $2.03 during midday trading on Friday, hitting $176.28. 400,090 shares of the company traded hands, compared to its average volume of 450,644. The firm's fifty day moving average is $175.51 and its 200-day moving average is $180.56. Vail Resorts, Inc. has a 12-month low of $165.00 and a 12-month high of $236.92. The firm has a market capitalization of $6.61 billion, a P/E ratio of 29.23, a P/E/G ratio of 1.71 and a beta of 1.13. 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 released its 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). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business had revenue of $265.39 million during the quarter, compared to analysts' expectations of $264.84 million. During the same quarter in the previous year, the business earned ($3.35) EPS. The business's revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 dividend on an annualized basis and a yield of 5.04%. Vail Resorts's payout ratio is 147.26%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch purchased 165 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now owns 2,187 shares in the company, valued at approximately $378,547.83. This represents a 8.16 % increase in their position. The purchase 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 the firm's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

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.