Malaga Cove Capital LLC Purchases 124 Shares of Vail Resorts, Inc. (NYSE:MTN)

Malaga Cove Capital LLC raised its holdings in Vail Resorts, Inc. (NYSE:MTN) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,673 shares of the company’s stock after acquiring an additional 124 shares during the period. Malaga Cove Capital LLC’s holdings in Vail Resorts were worth $1,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of MTN. CANADA LIFE ASSURANCE Co increased its position in shares of Vail Resorts by 66.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company’s stock worth $10,082,000 after purchasing an additional 17,976 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Vail Resorts in the 1st quarter valued at about $3,228,000. Edgestream Partners L.P. raised its holdings in shares of Vail Resorts by 146.3% in the 1st quarter. Edgestream Partners L.P. now owns 12,147 shares of the company’s stock valued at $2,707,000 after purchasing an additional 7,216 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Vail Resorts by 507.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock worth $2,050,000 after acquiring an additional 9,506 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Vail Resorts in the 2nd quarter valued at $1,486,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MTN. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus dropped their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Morgan Stanley lifted their price objective 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. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $208.22.

Insider Transactions at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were 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 owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Vail Resorts stock opened at $179.98 on Thursday. The stock has a fifty day moving average of $176.22 and a 200-day moving average of $181.48. The stock has a market capitalization of $6.75 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. 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, Inc. has a 52 week low of $165.00 and a 52 week high of $236.92.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. During the same quarter in the prior year, the company earned ($3.35) earnings per share. Vail Resorts’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, 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 company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

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.