Truvestments Capital LLC Takes $94,000 Position in Vail Resorts, Inc. (NYSE:MTN)

Truvestments Capital LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 539 shares of the company’s stock, valued at approximately $94,000.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Vail Resorts by 150.9% during 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 last quarter. V Square Quantitative Management LLC bought a new position in shares of Vail Resorts during the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in shares of Vail Resorts during the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. increased its position in shares of Vail Resorts by 318.8% during 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 last quarter. Finally, UMB Bank n.a. grew its position in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after acquiring an additional 121 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Morgan Stanley raised their price target on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Barclays reduced their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday, September 27th. Macquarie restated a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus reduced their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $205.90.

Insider Activity

In related news, CFO Angela A. Korch acquired 165 shares of the stock in a transaction on Thursday, October 3rd. The stock was acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction on 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 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 Price Performance

Shares of MTN stock opened at $182.57 on Wednesday. The firm has a market cap of $6.84 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.79 and a beta of 1.13. 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’s 50 day moving average price is $175.63 and its 200-day moving average price is $179.75. Vail Resorts, Inc. has a fifty-two week low of $165.00 and a fifty-two week high of $236.92.

Vail Resorts (NYSE:MTN) last released its 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). The firm had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.35) EPS. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 7.27 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently announced 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 4.86%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s payout ratio is presently 147.26%.

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.