RFG Advisory LLC Acquires New Stake in Vail Resorts, Inc. $MTN

RFG Advisory LLC acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to its most recent filing with the SEC. The firm acquired 5,704 shares of the company’s stock, valued at approximately $896,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its position in Vail Resorts by 101.5% in the 2nd quarter. CWM LLC now owns 526 shares of the company’s stock valued at $83,000 after buying an additional 265 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Vail Resorts by 76.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,731 shares of the company’s stock valued at $586,000 after buying an additional 1,622 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Vail Resorts in the 2nd quarter valued at $86,000. Abel Hall LLC grew its position in Vail Resorts by 68.4% in the 2nd quarter. Abel Hall LLC now owns 2,567 shares of the company’s stock valued at $403,000 after buying an additional 1,043 shares during the last quarter. Finally, Proffitt & Goodson Inc. purchased a new position in Vail Resorts in the 2nd quarter valued at $57,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MTN. Weiss Ratings lowered shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Barclays decreased their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 30th. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price (down from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 17th. Finally, Morgan Stanley decreased their target price on shares of Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Three 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. According to MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average target price of $174.90.

Vail Resorts Trading Up 1.7%

NYSE:MTN opened at $149.74 on Friday. The company has a market capitalization of $5.37 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.49 and a beta of 0.86. 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 52-week low of $129.85 and a 52-week high of $199.45. The stock has a fifty day simple moving average of $152.96 and a 200-day simple moving average of $151.91.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) 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%.The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned ($4.67) EPS. On average, equities research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, October 9th. Vail Resorts’s payout ratio is 119.84%.

Insider Activity

In other news, CFO Angela A. Korch purchased 210 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was acquired at an average price of $155.00 per share, with a total value of $32,550.00. Following the purchase, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at $760,275. This represents a 4.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by company insiders.

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.