Verition Fund Management LLC Has $4.70 Million Stake in Vail Resorts, Inc. (NYSE:MTN)

Verition Fund Management LLC boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 139.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,945 shares of the company’s stock after purchasing an additional 15,712 shares during the quarter. Verition Fund Management LLC owned about 0.07% of Vail Resorts worth $4,696,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its position in 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. V Square Quantitative Management LLC acquired a new stake in Vail Resorts in the 3rd quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in Vail Resorts in the 3rd quarter valued at $25,000. Brown Brothers Harriman & Co. grew its position in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares during the period. Finally, UMB Bank n.a. grew its position in Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch bought 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The stock was acquired 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. This represents a 8.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction dated 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 directly owns 245,961 shares of the company’s stock, valued at $43,284,216.78. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Trading Up 2.4 %

NYSE MTN opened at $181.06 on Wednesday. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.69 and a beta of 1.14. Vail Resorts, Inc. has a one year low of $165.00 and a one year high of $236.92. 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 business’s fifty day moving average is $175.20 and its 200-day moving average is $178.98.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the prior year, the firm posted ($3.35) earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is currently 147.26%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Macquarie reissued a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a research report on Wednesday, October 2nd. Morgan Stanley raised their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft dropped 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. Barclays dropped their price objective 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, Stifel Nicolaus dropped their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus target price 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.