Diamond Hill Capital Management Inc. Trims Holdings in Vail Resorts, Inc. (NYSE:MTN)

Diamond Hill Capital Management Inc. trimmed its position in Vail Resorts, Inc. (NYSE:MTN) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,254 shares of the company’s stock after selling 1,771 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Vail Resorts were worth $17,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTN. Signaturefd LLC lifted its holdings 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 in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Vail Resorts during the 3rd quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in shares of Vail Resorts during the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its holdings 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 worth $36,000 after acquiring an additional 153 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of 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 period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Trading Up 2.2 %

NYSE MTN opened at $181.78 on Tuesday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. Vail Resorts, Inc. has a one year low of $165.00 and a one year high of $236.92. The company’s 50 day moving average price is $176.00 and its 200 day moving average price is $180.83. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.70 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $264.84 million. During the same period last year, the business earned ($3.35) EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side 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. Shareholders of record on Tuesday, October 8th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is 147.26%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MTN shares. Macquarie reiterated a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Stifel Nicolaus cut their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a report on Friday, September 27th. Morgan Stanley increased their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Finally, Barclays cut their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $208.22.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 165 shares of the stock in a transaction on Thursday, October 3rd. The stock was bought at an average price 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 of the company’s stock, valued at $378,547.83. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Angela A. Korch purchased 165 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $378,547.83. This represents a 0.00 % 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 stock was 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 of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate 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.