Point72 Asset Management L.P. Invests $35.26 Million in Vail Resorts, Inc. (NYSE:MTN)

Point72 Asset Management L.P. bought a new position in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 202,328 shares of the company's stock, valued at approximately $35,264,000. Point72 Asset Management L.P. owned 0.54% of Vail Resorts at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MTN. Commonwealth Equity Services LLC boosted its holdings in Vail Resorts by 507.3% during 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 during the 2nd quarter worth about $1,486,000. AQR Capital Management LLC boosted its stake in shares of Vail Resorts by 1,063.7% during the 2nd 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 last quarter. River Road Asset Management LLC grew its holdings in shares of Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company's stock valued at $59,487,000 after acquiring an additional 293,006 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Vail Resorts in the third quarter valued at about $12,577,000. Institutional investors own 94.94% of the company's stock.

Vail Resorts Stock Performance

NYSE:MTN traded down $0.49 during mid-day trading on Friday, hitting $190.70. 498,779 shares of the stock were exchanged, compared to its average volume of 528,459. The firm's 50-day simple moving average is $175.30 and its 200 day simple moving average is $178.99. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.14. Vail Resorts, Inc. has a fifty-two week low of $165.00 and a fifty-two 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.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its 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). 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 the consensus estimate of $264.84 million. During the same period in the previous year, the firm posted ($3.35) EPS. The company's revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.24 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $2.22 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 4.66%. Vail Resorts's dividend payout ratio (DPR) is 147.26%.

Analysts Set New Price Targets

A number of research firms have weighed in on MTN. Macquarie restated a "neutral" rating and issued a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. Barclays lowered their target price 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. Stifel Nicolaus decreased their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a "buy" rating for the company in a research report on Friday, September 27th. StockNews.com raised shares of Vail Resorts from a "sell" rating to a "hold" rating in a report on Monday. Finally, Morgan Stanley lifted their price target 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 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.com, Vail Resorts has a consensus rating of "Hold" and an average price target of $205.90.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the sale, the director now owns 45,111 shares of the company's stock, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the acquisition, the chief financial officer now directly owns 2,187 shares of the company's stock, valued at approximately $378,547.83. This represents a 8.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

Vail Resorts 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.