London Co. of Virginia Acquires 3,877 Shares of Vail Resorts, Inc. $MTN

London Co. of Virginia grew its holdings in Vail Resorts, Inc. (NYSE:MTN) by 2.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 151,680 shares of the company’s stock after buying an additional 3,877 shares during the quarter. London Co. of Virginia’s holdings in Vail Resorts were worth $23,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 111 Capital grew its stake in shares of Vail Resorts by 116.3% during the second quarter. 111 Capital now owns 6,172 shares of the company’s stock valued at $970,000 after purchasing an additional 3,319 shares during the last quarter. Jump Financial LLC acquired a new position in Vail Resorts during the 1st quarter worth $5,543,000. Landscape Capital Management L.L.C. bought a new position in Vail Resorts in the 1st quarter valued at $376,000. First Eagle Investment Management LLC bought a new position in Vail Resorts in the 2nd quarter valued at $3,735,000. Finally, Waratah Capital Advisors Ltd. increased its stake in shares of Vail Resorts by 60.1% in the 2nd quarter. Waratah Capital Advisors Ltd. now owns 173,666 shares of the company’s stock valued at $27,288,000 after buying an additional 65,225 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

MTN has been the topic of several research reports. Bank of America cut their price target on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings raised Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Barclays reduced their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 30th. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Finally, Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $176.50.

Insider Activity

In other news, CFO Angela A. Korch purchased 210 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was bought at an average price of $155.00 per share, with a total value of $32,550.00. Following the acquisition, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at approximately $760,275. This represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Vail Resorts Price Performance

Shares of MTN opened at $161.74 on Friday. The stock has a market cap of $5.80 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.62 and a beta of 0.81. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $194.47. The stock’s 50-day moving average price is $146.79 and its two-hundred day moving average price is $152.59. The company has a current ratio of 0.54, a quick ratio of 0.56 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The business had revenue of $271.03 million for the quarter, compared to the consensus estimate of $273.35 million. During the same period last year, the company posted ($4.61) EPS. Vail Resorts’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

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.