Vail Resorts, Inc. $MTN Stock Holdings Lifted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in Vail Resorts, Inc. (NYSE:MTN) by 12.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 392,745 shares of the company’s stock after buying an additional 43,943 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Vail Resorts were worth $61,712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. River Road Asset Management LLC lifted its stake in Vail Resorts by 3.9% in the second quarter. River Road Asset Management LLC now owns 367,200 shares of the company’s stock valued at $55,175,000 after acquiring an additional 13,831 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Vail Resorts during the 2nd quarter valued at $193,000. Norges Bank acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at $51,685,000. Hsbc Holdings PLC lifted its stake in shares of Vail Resorts by 83.2% in the 2nd quarter. Hsbc Holdings PLC now owns 230,710 shares of the company’s stock valued at $35,992,000 after purchasing an additional 104,748 shares during the last quarter. Finally, Capital Fund Management S.A. boosted its holdings in Vail Resorts by 67.9% in the second quarter. Capital Fund Management S.A. now owns 23,455 shares of the company’s stock worth $3,685,000 after purchasing an additional 9,484 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MTN. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Barclays decreased their price target on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research note on Tuesday, September 30th. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, September 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average target price of $175.60.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of Vail Resorts stock in a transaction dated Tuesday, October 7th. The stock was bought at an average cost of $155.00 per share, with a total value of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. The trade was a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Trading Up 0.2%

Vail Resorts stock opened at $141.32 on Friday. The business has a 50 day moving average price of $147.18 and a two-hundred day moving average price of $152.59. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 3.44. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The firm had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.Vail Resorts’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($4.67) EPS. As a group, equities analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 9th were paid a $2.22 dividend. The ex-dividend date was Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.3%. Vail Resorts’s dividend payout ratio is currently 119.84%.

About Vail Resorts

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.