Tidal Investments LLC Has $1.98 Million Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Tidal Investments LLC lessened its stake in Vail Resorts, Inc. (NYSE:MTN) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,354 shares of the company’s stock after selling 999 shares during the quarter. Tidal Investments LLC’s holdings in Vail Resorts were worth $1,979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bamco Inc. NY increased its holdings in Vail Resorts by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after buying an additional 136,328 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Vail Resorts by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company’s stock worth $201,263,000 after acquiring an additional 40,643 shares in the last quarter. TPG GP A LLC increased its stake in Vail Resorts by 17.4% in the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after acquiring an additional 133,607 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Vail Resorts by 8.1% during the third quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company’s stock valued at $119,734,000 after purchasing an additional 51,438 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Vail Resorts by 1.3% during the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock worth $113,252,000 after purchasing an additional 8,422 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTN has been the topic of several recent analyst reports. Macquarie lifted their price target on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday. Mizuho lifted their price target on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley increased their price objective on shares of Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $205.50.

Vail Resorts Stock Performance

NYSE MTN opened at $191.25 on Tuesday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 2.22 and a beta of 1.14. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92. The stock has a fifty day simple moving average of $177.70 and a 200 day simple moving average of $178.78. The company has a quick ratio of 0.71, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($4.60) EPS. Sell-side analysts expect that Vail Resorts, Inc. will post 7.49 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Thursday, December 26th. Vail Resorts’s dividend payout ratio is presently 147.51%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was 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.

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.