Marathon Asset Management Ltd Buys Shares of 85,538 Vail Resorts, Inc. (NYSE:MTN)

Marathon Asset Management Ltd acquired a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 85,538 shares of the company's stock, valued at approximately $14,908,000. Marathon Asset Management Ltd owned about 0.23% of Vail Resorts as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Vail Resorts by 27.9% in the first quarter. GAMMA Investing LLC now owns 257 shares of the company's stock valued at $57,000 after purchasing an additional 56 shares during the last quarter. Park Avenue Securities LLC lifted its position in Vail Resorts by 2.1% in the first quarter. Park Avenue Securities LLC now owns 2,997 shares of the company's stock valued at $668,000 after purchasing an additional 62 shares during the last quarter. Fairbanks Capital Management Inc. lifted its position in Vail Resorts by 2.5% in the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company's stock valued at $462,000 after purchasing an additional 63 shares during the last quarter. Artemis Investment Management LLP lifted its position in Vail Resorts by 4.6% in the second quarter. Artemis Investment Management LLP now owns 1,700 shares of the company's stock valued at $306,000 after purchasing an additional 75 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Vail Resorts by 8.5% in the first quarter. Advisors Asset Management Inc. now owns 993 shares of the company's stock valued at $221,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTN shares. Barclays reduced their target price on Vail Resorts from $161.00 to $155.00 and set an "underweight" rating on the stock in a research note on Friday, September 27th. 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 research note on Friday, September 27th. Morgan Stanley boosted their target price on Vail Resorts from $179.00 to $182.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft reduced their target price 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. Finally, Macquarie reissued a "neutral" rating and set a $180.00 target price on shares of Vail Resorts in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $208.22.

Vail Resorts Stock Up 0.9 %

MTN stock traded up $1.51 during midday trading on Friday, hitting $172.75. The stock had a trading volume of 432,366 shares, compared to its average volume of 529,257. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13. The business has a 50-day moving average of $178.12 and a two-hundred day moving average of $186.79. Vail Resorts, Inc. has a 52-week low of $165.14 and a 52-week high of $236.92. 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 (NYSE:MTN - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $265.39 million during the quarter, compared to analysts' expectations of $264.84 million. During the same period in the previous year, the company earned ($3.35) earnings per share. Vail Resorts's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.31 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.14%. Vail Resorts's dividend payout ratio is currently 120.82%.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch bought 165 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $173.09 per share, with a total value 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. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Robert A. Katz sold 9,296 shares of the company'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 transaction, the insider now directly owns 245,961 shares of the company's stock, valued at $43,284,216.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Angela A. Korch purchased 165 shares of the stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

Vail Resorts Company 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.