Janney Montgomery Scott LLC Acquires 15,862 Shares of Vail Resorts, Inc. (NYSE:MTN)

Janney Montgomery Scott LLC raised its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 119.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,111 shares of the company's stock after acquiring an additional 15,862 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Vail Resorts worth $5,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTN. Allspring Global Investments Holdings LLC acquired a new position in Vail Resorts in the first quarter worth $118,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Vail Resorts by 25.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,362 shares of the company's stock valued at $1,418,000 after acquiring an additional 1,284 shares during the period. SG Americas Securities LLC lifted its stake in shares of Vail Resorts by 1,162.3% during the first quarter. SG Americas Securities LLC now owns 15,337 shares of the company's stock valued at $3,418,000 after acquiring an additional 14,122 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Vail Resorts by 10.4% during the first quarter. Oppenheimer & Co. Inc. now owns 16,633 shares of the company's stock valued at $3,706,000 after acquiring an additional 1,566 shares during the period. Finally, Donoghue Forlines LLC acquired a new position in shares of Vail Resorts during the first quarter valued at $610,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $218.00 to $194.00 and set a "hold" rating on the stock in a research note on Monday, September 16th. Macquarie restated a "neutral" rating and set a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Morgan Stanley raised their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Stifel Nicolaus reduced their target price on Vail Resorts from $223.00 to $216.00 and set a "buy" rating on the stock in a report on Friday, September 27th. Finally, Barclays reduced their target price on Vail Resorts from $161.00 to $155.00 and set an "underweight" rating on the stock in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $208.22.

Insiders Place Their Bets

In other news, Director John F. Sorte sold 1,670 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was 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 owns 45,111 shares of the company's stock, valued at approximately $7,807,360.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, 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 transaction of $289,026.90. Following the completion of the sale, the director now owns 45,111 shares of the company's stock, valued at $7,807,360.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Angela A. Korch purchased 165 shares of the business's stock in a transaction on Thursday, October 3rd. The stock was purchased 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 approximately $378,547.83. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

Shares of MTN stock traded up $3.34 on Friday, hitting $177.86. 363,223 shares of the company's stock were exchanged, compared to its average volume of 453,843. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The stock has a market cap of $6.67 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. The company has a 50 day moving average of $176.00 and a 200 day moving average of $181.09.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the prior year, the company earned ($3.35) earnings per share. Vail Resorts's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued 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 4.99%. Vail Resorts's payout ratio is presently 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.