Charles Schwab Investment Management Inc. Has $201.26 Million Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Charles Schwab Investment Management Inc. raised its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,154,759 shares of the company’s stock after purchasing an additional 40,643 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Vail Resorts were worth $201,263,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairbanks Capital Management Inc. increased its position in shares of Vail Resorts by 2.5% during the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock worth $462,000 after buying an additional 63 shares during the period. Artemis Investment Management LLP grew its holdings in Vail Resorts by 4.6% during the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after acquiring an additional 75 shares during the period. Advisors Asset Management Inc. raised its position in shares of Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock worth $221,000 after acquiring an additional 78 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Vail Resorts by 20.9% during the 2nd quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock valued at $88,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

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. The business has a 50-day simple moving average of $175.50 and a two-hundred day simple moving average of $179.93. The company has a market capitalization of $6.91 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. Vail Resorts, Inc. has a 52-week low of $165.00 and a 52-week high of $236.92.

Vail Resorts (NYSE:MTN) last announced 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 return on equity of 20.76% and a net margin of 7.99%. The company had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same quarter last year, the company posted ($3.35) EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts expect that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

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

Insider Buying and Selling

In related news, Director John F. Sorte sold 1,670 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the transaction, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Angela A. Korch acquired 165 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 8.16 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MTN has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. UBS Group started coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 target price on the stock. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Macquarie reiterated a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus reduced their target price 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. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Vail Resorts has an average rating of “Hold” and an average 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.