Lebenthal Global Advisors LLC Takes Position in Vail Resorts, Inc. (NYSE:MTN)

Lebenthal Global Advisors LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,982 shares of the company’s stock, valued at approximately $345,000.

Several other institutional investors also recently made changes to their positions in the stock. TPG GP A LLC grew its holdings in shares of Vail Resorts by 17.4% during the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after purchasing an additional 133,607 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after purchasing an additional 553,337 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Vail Resorts by 5.9% during the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock valued at $98,470,000 after purchasing an additional 24,456 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vail Resorts by 36.3% during the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after buying an additional 94,923 shares during the period. Finally, First Pacific Advisors LP acquired a new position in shares of Vail Resorts during the second quarter worth approximately $62,466,000. 94.94% of the stock is owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Macquarie reiterated a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a research report on Wednesday, October 2nd. Stifel Nicolaus reduced their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Barclays reduced their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Finally, Morgan Stanley boosted their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $208.22.

Vail Resorts Stock Performance

MTN opened at $165.79 on Friday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 27.49, 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 current ratio of 0.82 and a quick ratio of 0.71. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The business has a 50 day moving average price of $176.69 and a two-hundred day moving average price of $182.62.

Vail Resorts (NYSE:MTN) last released 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). The firm had revenue of $265.39 million during 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 revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned ($3.35) earnings per share. Research analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 5.36%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

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.