Charles Schwab Investment Management Inc. Acquires 40,643 Shares of Vail Resorts, Inc. (NYSE:MTN)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,154,759 shares of the company’s stock after acquiring an additional 40,643 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.08% of Vail Resorts worth $201,263,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Signaturefd LLC increased its holdings in shares of Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Vail Resorts in the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in Vail Resorts in the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. lifted its position in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after acquiring an additional 153 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Vail Resorts by 123.5% during the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after acquiring an additional 121 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Trading Up 1.7 %

Shares of MTN stock opened at $184.24 on Friday. 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 fifty-two week low of $165.00 and a fifty-two week high of $236.92. The company has a market cap of $6.91 billion, a PE ratio of 30.55, a P/E/G ratio of 1.73 and a beta of 1.13. The stock’s fifty day moving average price is $175.50 and its two-hundred day moving average price is $179.93.

Vail Resorts (NYSE:MTNGet Free Report) last released its earnings results 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). The business had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($3.35) EPS. Equities analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the transaction, the director now directly owns 45,111 shares in the company, valued at approximately $7,807,360.77. This trade represents a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert A. Katz sold 9,296 shares of the business’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 sale, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MTN. Stifel Nicolaus dropped their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. UBS Group began coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price for the company. Morgan Stanley raised their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. Finally, Barclays lowered their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday, September 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $205.90.

View Our Latest Analysis on MTN

Vail Resorts Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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