Stifel Financial Corp Grows Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Stifel Financial Corp increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 47.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,131 shares of the company’s stock after acquiring an additional 6,816 shares during the period. Stifel Financial Corp owned approximately 0.06% of Vail Resorts worth $3,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. The Manufacturers Life Insurance Company grew its holdings in shares of Vail Resorts by 673.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after purchasing an additional 553,337 shares during the period. First Pacific Advisors LP purchased a new position in Vail Resorts during the second quarter worth about $62,466,000. River Road Asset Management LLC increased its position in shares of Vail Resorts by 606.6% during the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after acquiring an additional 293,006 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Vail Resorts in the 3rd quarter valued at approximately $35,264,000. Finally, FMR LLC lifted its holdings in shares of Vail Resorts by 1,080.8% in the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after acquiring an additional 190,210 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Vail Resorts

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 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 in the company, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Angela A. Korch bought 165 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the transaction, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Trading Up 0.4 %

NYSE MTN opened at $191.25 on Tuesday. Vail Resorts, Inc. has a 52 week low of $165.00 and a 52 week high of $236.92. The firm has a 50 day moving average of $177.70 and a two-hundred day 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. The stock has a market capitalization of $7.16 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate 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%. Vail Resorts’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($4.60) earnings per share. As a group, research analysts expect that Vail Resorts, Inc. will post 7.49 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MTN shares. Mizuho boosted their target price on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Macquarie lifted their target price on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Truist Financial reduced their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $205.50.

Vail Resorts Company 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.