Landscape Capital Management L.L.C. Decreases Position in Vail Resorts, Inc. (NYSE:MTN)

Landscape Capital Management L.L.C. decreased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 56.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,840 shares of the company's stock after selling 17,654 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Vail Resorts were worth $2,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC increased its holdings in shares of 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 bought a new stake in shares of Vail Resorts in the third quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in shares of Vail Resorts in the third quarter worth $25,000. Brown Brothers Harriman & Co. grew its holdings in shares of Vail Resorts by 318.8% in the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company's stock worth $36,000 after acquiring an additional 153 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company's stock worth $38,000 after acquiring an additional 121 shares during the period. Institutional investors own 94.94% of the company's stock.

Vail Resorts Trading Up 1.7 %

MTN stock traded up $3.15 during midday trading on Friday, reaching $184.32. 451,243 shares of the company traded hands, compared to its average volume of 519,880. Vail Resorts, Inc. has a 52-week low of $165.00 and a 52-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. The business has a 50 day moving average of $175.50 and a 200-day moving average of $180.05. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.67 and a beta of 1.13.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company had revenue of $265.39 million for the quarter, compared to analysts' expectations of $264.84 million. During the same quarter last year, the company earned ($3.35) earnings per share. The company's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders 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 yield of 4.82%. Vail Resorts's dividend payout ratio (DPR) is presently 147.26%.

Analyst Ratings Changes

Several analysts recently commented on MTN shares. Stifel Nicolaus cut their price objective on Vail Resorts from $223.00 to $216.00 and set a "buy" rating for the company in a report on Friday, September 27th. Macquarie reissued a "neutral" rating and set a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $218.00 to $194.00 and set a "hold" rating on the stock in a research report on Monday, September 16th. UBS Group started coverage on Vail Resorts in a research report on Thursday, November 14th. They issued a "neutral" rating and a $185.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Three investment 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, the company currently has a consensus rating of "Hold" and an average target price of $205.90.

Insider Activity

In other news, CFO Angela A. Korch acquired 165 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade 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.

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.