GSA Capital Partners LLP lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) by 555.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,610 shares of the company’s stock after buying an additional 6,449 shares during the period. GSA Capital Partners LLP’s holdings in Vail Resorts were worth $1,326,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co lifted its position in Vail Resorts by 66.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company’s stock worth $10,082,000 after acquiring an additional 17,976 shares during the period. Edgestream Partners L.P. lifted its holdings in shares of Vail Resorts by 146.3% during the first quarter. Edgestream Partners L.P. now owns 12,147 shares of the company’s stock worth $2,707,000 after purchasing an additional 7,216 shares during the period. Commonwealth Equity Services LLC boosted its position in Vail Resorts by 507.3% in the second quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock valued at $2,050,000 after buying an additional 9,506 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Vail Resorts in the second quarter valued at approximately $1,486,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Vail Resorts by 32.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,562 shares of the company’s stock worth $4,805,000 after buying an additional 5,338 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.
Vail Resorts Trading Down 1.4 %
Shares of MTN stock opened at $179.82 on Thursday. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.75 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. The stock has a 50 day simple moving average of $175.82 and a 200-day simple moving average of $180.71.
Vail Resorts Dividend Announcement
The company 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. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is presently 147.26%.
Insider Activity at Vail Resorts
In other news, insider Robert A. Katz sold 9,296 shares of the company’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 sale, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This represents 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 through this hyperlink. In other news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John F. Sorte sold 1,670 shares of Vail Resorts stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the transaction, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday. Morgan Stanley upped their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. 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 note on Friday, September 27th. Barclays lowered their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and an average target price of $208.22.
Get Our Latest Analysis on MTN
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.
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