Vail Resorts, Inc. (NYSE:MTN) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 147.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,899 shares of the company's stock after buying an additional 32,159 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.14% of Vail Resorts worth $9,394,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its position in Vail Resorts by 66.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company's stock worth $10,082,000 after purchasing an additional 17,976 shares during the last quarter. Edgestream Partners L.P. increased its position in Vail Resorts by 146.3% in the first quarter. Edgestream Partners L.P. now owns 12,147 shares of the company's stock worth $2,707,000 after purchasing an additional 7,216 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Vail Resorts by 507.3% in the second quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company's stock worth $2,050,000 after purchasing an additional 9,506 shares during the last quarter. OFI Invest Asset Management bought a new stake in Vail Resorts in the second quarter worth $1,486,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Vail Resorts by 32.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,562 shares of the company's stock worth $4,805,000 after purchasing an additional 5,338 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

MTN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective 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. Barclays cut their price objective 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. Macquarie reiterated a "neutral" rating and set a $180.00 price objective on shares of Vail Resorts in a research report on Wednesday, October 2nd. Stifel Nicolaus cut their price objective 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. Finally, Morgan Stanley upped their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vail Resorts has an average rating of "Hold" and an average target price of $205.90.

Insider Activity

In related news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Angela A. Korch purchased 165 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was 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 in the company, valued at $378,547.83. This trade represents a 8.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Stock Up 0.1 %

NYSE:MTN traded up $0.19 during mid-day trading on Monday, reaching $176.47. The company's stock had a trading volume of 445,539 shares, compared to its average volume of 521,682. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92. The stock has a fifty day moving average of $175.51 and a 200-day moving average of $180.42. The firm has a market capitalization of $6.62 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings data 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 period last year, the company earned ($3.35) earnings per share. The firm's revenue was down 1.6% compared to the same quarter last year. Equities research analysts forecast that Vail Resorts, Inc. will post 7.27 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 5.03%. Vail Resorts's dividend payout ratio (DPR) is currently 147.26%.

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.