Canton Hathaway LLC Acquires 250 Shares of Vail Resorts, Inc. (NYSE:MTN)

Canton Hathaway LLC increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 100.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 500 shares of the company’s stock after buying an additional 250 shares during the quarter. Canton Hathaway LLC’s holdings in Vail Resorts were worth $87,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Signaturefd LLC grew its stake in shares of Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Vail Resorts in the 3rd quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in Vail Resorts in the third quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its stake in shares of Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. increased its stake 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 during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays decreased their price target 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. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. UBS Group began 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 for the company. Finally, Macquarie restated a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $205.90.

Vail Resorts Stock Performance

Shares of MTN stock opened at $184.24 on Monday. The firm has a 50 day moving average of $175.50 and a 200-day moving average of $179.82. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. Vail Resorts, Inc. has a 52 week low of $165.00 and a 52 week high of $236.92.

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

Vail Resorts Dividend Announcement

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

Insider Buying and Selling

In other Vail Resorts 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 transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, with a total value 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 $378,547.83. This represents a 8.16 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

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.