Kingsview Wealth Management LLC Grows Stake in Vail Resorts, Inc. (NYSE:MTN)

Kingsview Wealth Management LLC boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 6.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 42,091 shares of the company’s stock after buying an additional 2,518 shares during the period. Kingsview Wealth Management LLC’s holdings in Vail Resorts were worth $7,336,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. increased its holdings in shares of Vail Resorts by 14.7% in the 3rd quarter. Raymond James Trust N.A. now owns 1,588 shares of the company’s stock valued at $277,000 after acquiring an additional 203 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Vail Resorts by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company’s stock valued at $201,263,000 after acquiring an additional 40,643 shares during the period. Aurora Investment Counsel increased its holdings in shares of Vail Resorts by 7.6% in the 3rd quarter. Aurora Investment Counsel now owns 13,786 shares of the company’s stock valued at $2,403,000 after acquiring an additional 974 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Vail Resorts by 325.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,035 shares of the company’s stock valued at $2,098,000 after acquiring an additional 9,208 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Vail Resorts in the 3rd quarter valued at $1,152,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Shares of MTN opened at $184.24 on Friday. The stock has a 50-day moving average of $175.50 and a two-hundred day moving average of $179.93. Vail Resorts, Inc. has a one year low of $165.00 and a one year high of $236.92. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a market cap of $6.91 billion, a P/E ratio of 30.55, a P/E/G ratio of 1.73 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) 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 firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. During the same period in the prior year, the firm posted ($3.35) EPS. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

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

Insider Buying and Selling at Vail Resorts

In related news, Director John F. Sorte sold 1,670 shares of Vail Resorts 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 owns 45,111 shares in the company, valued at $7,807,360.77. The trade was a 3.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts 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 transaction, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. StockNews.com downgraded Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Stifel Nicolaus lowered 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. Morgan Stanley raised 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. Finally, Barclays lowered 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $205.90.

About Vail Resorts

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.