Conestoga Capital Advisors LLC Acquires 445 Shares of Vail Resorts, Inc. (NYSE:MTN)

Conestoga Capital Advisors LLC lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,339 shares of the company’s stock after purchasing an additional 445 shares during the period. Conestoga Capital Advisors LLC’s holdings in Vail Resorts were worth $16,442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC increased its position in Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares during the period. V Square Quantitative Management LLC bought a new stake in Vail Resorts in the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its position in shares of Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares in the last quarter. UMB Bank n.a. raised its position in shares of Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after buying an additional 121 shares in the last quarter. Finally, Canton Hathaway LLC boosted its stake in shares of Vail Resorts by 66.7% in the second quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after buying an additional 100 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 value of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost 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 trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Vail Resorts Trading Up 0.2 %

NYSE MTN traded up $0.26 during trading hours on Friday, reaching $165.95. The company’s stock had a trading volume of 86,788 shares, compared to its average volume of 522,306. The firm has a fifty day simple moving average of $176.93 and a 200-day simple moving average of $183.04. 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 52 week low of $165.14 and a 52 week high of $236.92. The stock has a market cap of $6.22 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.62 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $264.84 million. During the same period in the previous year, the business posted ($3.35) EPS. Vail Resorts’s revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $2.22 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 5.35%. Vail Resorts’s payout ratio is 147.26%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MTN shares. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. 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 research note on Friday, September 27th. Barclays cut their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. Finally, Morgan Stanley lifted their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average target price of $208.22.

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.