PYA Waltman Capital LLC Grows Stake in Vail Resorts, Inc. (NYSE:MTN)

PYA Waltman Capital LLC boosted its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 38.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,222 shares of the company's stock after acquiring an additional 8,042 shares during the period. Vail Resorts accounts for about 1.7% of PYA Waltman Capital LLC's holdings, making the stock its 16th biggest position. PYA Waltman Capital LLC owned approximately 0.08% of Vail Resorts worth $5,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MTN. Signaturefd LLC raised its stake in shares of Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company's stock worth $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Vail Resorts in the 3rd quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in Vail Resorts during the 3rd quarter valued at $25,000. Brown Brothers Harriman & Co. boosted its holdings in Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company's stock worth $36,000 after acquiring an additional 153 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company's stock worth $38,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In related news, CFO Angela A. Korch bought 165 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the transaction, the chief financial officer now owns 2,187 shares of the company's stock, valued at approximately $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

MTN has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target 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. Morgan Stanley lifted their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Macquarie reaffirmed a "neutral" rating and issued a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. UBS Group started coverage on Vail Resorts in a report on Thursday, November 14th. They set a "neutral" rating and a $185.00 price target on the stock. Finally, Barclays reduced their price objective on Vail Resorts from $161.00 to $155.00 and set an "underweight" rating for the company in a research note on Friday, September 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $206.10.

Vail Resorts Price Performance

NYSE MTN traded down $0.03 during trading hours on Monday, hitting $190.67. The company had a trading volume of 806,882 shares, compared to its average volume of 528,923. The firm has a 50 day simple moving average of $175.50 and a 200 day simple moving average of $178.64. Vail Resorts, Inc. has a 52 week low of $165.00 and a 52 week high of $236.92. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 1.97 and a beta of 1.14. 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 issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. The company had revenue of $260.28 million during the quarter, compared to analysts' expectations of $251.45 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. Vail Resorts's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($4.60) earnings per share. Equities research analysts expect that Vail Resorts, Inc. will post 7.23 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a $2.22 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 4.66%. Vail Resorts's payout ratio is currently 147.26%.

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.