Michelson Medical Research Foundation Inc. Buys New Position in Vail Resorts, Inc. (NYSE:MTN)

Michelson Medical Research Foundation Inc. bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,000 shares of the company's stock, valued at approximately $8,714,000. Vail Resorts comprises approximately 6.1% of Michelson Medical Research Foundation Inc.'s portfolio, making the stock its 5th biggest position. Michelson Medical Research Foundation Inc. owned approximately 0.13% of Vail Resorts at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Vail Resorts by 673.1% in the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company's stock valued at $114,481,000 after acquiring an additional 553,337 shares during the period. First Pacific Advisors LP acquired a new position in shares of Vail Resorts during the second quarter worth about $62,466,000. River Road Asset Management LLC boosted its position in shares of Vail Resorts by 606.6% during the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company's stock worth $59,487,000 after buying an additional 293,006 shares during the period. FMR LLC boosted its position in shares of Vail Resorts by 1,080.8% during the third quarter. FMR LLC now owns 207,809 shares of the company's stock worth $36,219,000 after buying an additional 190,210 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company's stock worth $31,767,000 after buying an additional 161,820 shares during the period. Institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on MTN shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $218.00 to $194.00 and set a "hold" rating for the company in a research report on Monday, September 16th. Stifel Nicolaus dropped 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. UBS Group initiated coverage on Vail Resorts in a report on Thursday, November 14th. They set a "neutral" rating and a $185.00 target price on the stock. Barclays dropped 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. Finally, Morgan Stanley upped 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. Two equities research 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's stock. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of "Hold" and an average target price of $205.90.

Vail Resorts Stock Performance

Shares of NYSE MTN traded up $10.85 during trading hours on Wednesday, reaching $191.85. 1,235,394 shares of the stock were exchanged, compared to its average volume of 525,897. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 1.69 and a beta of 1.14. 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 stock's fifty day simple moving average is $175.06 and its 200 day simple moving average is $178.82.

Vail Resorts (NYSE:MTN - Get Free Report) last issued 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 net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same period in the prior year, the business posted ($3.35) EPS. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed 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. This represents a $8.88 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts's dividend payout ratio (DPR) is 147.26%.

Insider Activity at Vail Resorts

In related news, insider Robert A. Katz sold 9,296 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the sale, the insider now owns 245,961 shares of the company's stock, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Angela A. Korch acquired 165 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average cost 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 in the company, valued at $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

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.