Pathstone Holdings LLC Purchases 2,557 Shares of Vail Resorts, Inc. (NYSE:MTN)

Pathstone Holdings LLC boosted its position in Vail Resorts, Inc. (NYSE:MTN) by 39.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,962 shares of the company’s stock after purchasing an additional 2,557 shares during the period. Pathstone Holdings LLC’s holdings in Vail Resorts were worth $1,562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its holdings in Vail Resorts by 147.9% during the third quarter. Mutual of America Capital Management LLC now owns 53,899 shares of the company’s stock valued at $9,394,000 after purchasing an additional 32,159 shares during the period. Natixis Advisors LLC grew its stake in shares of Vail Resorts by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 18,571 shares of the company’s stock worth $3,237,000 after acquiring an additional 1,152 shares during the period. Empowered Funds LLC increased its holdings in Vail Resorts by 30.9% in the 3rd quarter. Empowered Funds LLC now owns 3,076 shares of the company’s stock worth $536,000 after acquiring an additional 727 shares during the last quarter. Huntington National Bank raised its stake in Vail Resorts by 71.0% in the 3rd quarter. Huntington National Bank now owns 419 shares of the company’s stock valued at $73,000 after acquiring an additional 174 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in Vail Resorts by 13.3% during the third quarter. Oppenheimer & Co. Inc. now owns 20,343 shares of the company’s stock valued at $3,546,000 after purchasing an additional 2,382 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Down 0.2 %

Shares of MTN stock opened at $182.26 on Friday. The company’s fifty day simple moving average is $175.61 and its two-hundred day simple moving average is $179.66. Vail Resorts, Inc. has a 52 week low of $165.00 and a 52 week high of $236.92. The stock has a market cap of $6.83 billion, a P/E ratio of 30.23, a PEG ratio of 1.79 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share 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 business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same period last year, the business posted ($3.35) earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is currently 147.26%.

Wall Street Analysts Forecast Growth

MTN has been the topic of several analyst reports. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. UBS Group started coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective on the stock. Macquarie reiterated a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Barclays reduced their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus price target of $205.90.

Insiders Place Their Bets

In related news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Angela A. Korch acquired 165 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This represents a 8.16 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by 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.