Commerce Bank Trims Stake in Vail Resorts, Inc. (NYSE:MTN)

Commerce Bank lessened its stake in Vail Resorts, Inc. (NYSE:MTN) by 15.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,387 shares of the company’s stock after selling 605 shares during the period. Commerce Bank’s holdings in Vail Resorts were worth $590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. UniSuper Management Pty Ltd grew its position in Vail Resorts by 66.7% during the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock valued at $111,000 after buying an additional 200 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after purchasing an additional 78 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in Vail Resorts by 5.9% in the 1st quarter. Kennedy Capital Management LLC now owns 7,023 shares of the company’s stock worth $1,565,000 after purchasing an additional 394 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in Vail Resorts by 28.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,689 shares of the company’s stock worth $597,000 after purchasing an additional 590 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Vail Resorts by 1.0% in the first quarter. California State Teachers Retirement System now owns 61,727 shares of the company’s stock valued at $13,755,000 after purchasing an additional 598 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Trading Up 1.6 %

MTN opened at $187.13 on Tuesday. The business has a fifty day moving average price of $175.63 and a 200 day moving average price of $179.75. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 1.76 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($3.35) earnings per share. Sell-side analysts expect that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a dividend of $2.22 per share. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 4.75%. Vail Resorts’s dividend payout ratio is currently 147.26%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. 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. Macquarie reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Morgan Stanley boosted 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 note on Wednesday, September 25th. Stifel Nicolaus decreased their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $205.90.

Insider Activity

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

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.