Vail Resorts, Inc. (NYSE:MTN) Holdings Raised by Fmr LLC

FMR LLC grew its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 1,080.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,809 shares of the company's stock after acquiring an additional 190,210 shares during the period. FMR LLC owned 0.55% of Vail Resorts worth $36,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in Vail Resorts by 8.1% during the third quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company's stock valued at $119,734,000 after acquiring an additional 51,438 shares during the last quarter. Canton Hathaway LLC lifted its holdings in Vail Resorts by 100.0% during the third quarter. Canton Hathaway LLC now owns 500 shares of the company's stock valued at $87,000 after purchasing an additional 250 shares in the last quarter. Truvestments Capital LLC purchased a new position in Vail Resorts during the third quarter valued at $94,000. Daiwa Securities Group Inc. lifted its stake in shares of Vail Resorts by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,435 shares of the company's stock worth $599,000 after buying an additional 440 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Vail Resorts by 11.2% in the third quarter. Cerity Partners LLC now owns 11,537 shares of the company's stock worth $2,011,000 after buying an additional 1,162 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the sale, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Angela A. Korch bought 165 shares of the business's stock in a transaction on Thursday, October 3rd. The stock was bought at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares of the company's stock, valued at $378,547.83. The trade was a 8.16 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Stock Performance

Shares of MTN stock remained flat at $190.70 during mid-day trading on Monday. 821,031 shares of the stock were exchanged, compared to its average volume of 529,693. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $7.15 billion, a P/E ratio of 31.81, a P/E/G ratio of 1.97 and a beta of 1.14. The company has a fifty day moving average price of $175.50 and a 200 day moving average price of $178.64.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping analysts' consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same quarter last year, the company earned ($4.60) earnings per share. The business's quarterly revenue was up .7% compared to the same quarter last year. On average, analysts forecast that Vail Resorts, Inc. will post 7.23 EPS for the current 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 dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 4.66%. The ex-dividend date was Tuesday, October 8th. Vail Resorts's dividend payout ratio (DPR) is presently 147.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MTN shares. Barclays dropped their price target on shares of Vail Resorts from $161.00 to $155.00 and set an "underweight" rating for the company in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a research report on Monday. Morgan Stanley boosted their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Macquarie reissued a "neutral" rating and issued a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of Vail Resorts from a "sell" rating to a "hold" rating in a report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Vail Resorts has an average rating of "Hold" and a consensus price target of $206.10.

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.