River Road Asset Management LLC Increases Position in Vail Resorts, Inc. (NYSE:MTN)

River Road Asset Management LLC raised its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 606.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 341,311 shares of the company's stock after purchasing an additional 293,006 shares during the period. River Road Asset Management LLC owned 0.91% of Vail Resorts worth $59,487,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Signaturefd LLC increased its position in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company's stock valued at $25,000 after acquiring an additional 83 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Vail Resorts in the 3rd quarter valued at $25,000. Brown Brothers Harriman & Co. increased its position in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company's stock valued at $36,000 after acquiring an additional 153 shares during the period. UMB Bank n.a. boosted its holdings in Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company's stock valued at $38,000 after purchasing an additional 121 shares during the last quarter. Finally, Canton Hathaway LLC boosted its holdings in Vail Resorts by 66.7% in the second quarter. Canton Hathaway LLC now owns 250 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Robert A. Katz sold 9,296 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John F. Sorte sold 1,670 shares of the business's stock in a transaction 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 transaction, the director now owns 45,111 shares of the company's stock, valued at approximately $7,807,360.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MTN has been the topic of several recent research reports. Barclays lowered their price target on shares of Vail Resorts from $161.00 to $155.00 and set an "underweight" rating on the stock in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $218.00 to $194.00 and set a "hold" rating on the stock in a report on Monday, September 16th. Stifel Nicolaus lowered their price target on shares of Vail Resorts from $223.00 to $216.00 and set a "buy" rating on the stock in a report on Friday, September 27th. Macquarie reaffirmed a "neutral" rating and issued a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. Finally, StockNews.com raised shares of Vail Resorts from a "sell" rating to a "hold" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and an average price target of $208.22.

Vail Resorts Price Performance

MTN stock traded up $1.35 during mid-day trading on Tuesday, reaching $167.97. The company's stock had a trading volume of 354,930 shares, compared to its average volume of 522,343. The stock has a market cap of $6.30 billion, a PE ratio of 27.55, a P/E/G ratio of 1.59 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. Vail Resorts, Inc. has a fifty-two week low of $165.00 and a fifty-two week high of $236.92. The company's 50 day moving average is $176.43 and its two-hundred day moving average is $181.74.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($3.35) EPS. Equities research analysts expect that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.29%. Vail Resorts's payout ratio is currently 147.26%.

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.