6,626 Shares in Vail Resorts, Inc. (NYSE:MTN) Purchased by Point72 DIFC Ltd

Point72 DIFC Ltd bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,626 shares of the company’s stock, valued at approximately $1,155,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mendota Financial Group LLC raised its stake in Vail Resorts by 20.7% in the second quarter. Mendota Financial Group LLC now owns 730 shares of the company’s stock valued at $131,000 after buying an additional 125 shares during the period. Mitchell & Pahl Private Wealth LLC raised its stake in Vail Resorts by 6.1% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 2,541 shares of the company’s stock valued at $458,000 after buying an additional 146 shares during the period. Aurora Investment Managers LLC. raised its stake in Vail Resorts by 18.9% in the second quarter. Aurora Investment Managers LLC. now owns 8,273 shares of the company’s stock valued at $1,490,000 after buying an additional 1,314 shares during the period. Artemis Investment Management LLP raised its stake in Vail Resorts by 4.6% in the second quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock valued at $306,000 after buying an additional 75 shares during the period. Finally, Dnca Finance bought a new stake in Vail Resorts in the second quarter valued at approximately $105,000. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In related 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 transaction of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Angela A. Korch bought 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the transaction, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Trading Up 6.0 %

Shares of MTN stock opened at $191.85 on Thursday. The stock’s fifty day moving average price is $175.06 and its two-hundred day moving average price is $178.82. The company has a market cap of $7.19 billion, a PE ratio of 31.82, a P/E/G 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) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) 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 firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the previous year, the company posted ($3.35) earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Equities analysts predict that Vail Resorts, Inc. will post 7.24 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research report on Monday. Macquarie reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. UBS Group began coverage on Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price on the stock. Finally, Barclays decreased their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday, September 27th. Two investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $205.90.

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.