Cadence Bank Acquires 12,411 Shares of Vail Resorts, Inc. (NYSE:MTN)

Cadence Bank increased its stake in Vail Resorts, Inc. (NYSE:MTN) by 28.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,312 shares of the company’s stock after purchasing an additional 12,411 shares during the quarter. Cadence Bank owned approximately 0.15% of Vail Resorts worth $9,815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MTN. Fairbanks Capital Management Inc. raised its position in shares of Vail Resorts by 2.5% during the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after buying an additional 63 shares during the last quarter. Artemis Investment Management LLP increased its holdings in Vail Resorts by 4.6% in the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock valued at $306,000 after acquiring an additional 75 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock worth $221,000 after purchasing an additional 78 shares in the last quarter. Signaturefd LLC grew its position in shares of Vail Resorts by 150.9% during the second 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. Finally, Fifth Third Bancorp raised its stake in Vail Resorts by 20.9% during the second quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock valued at $88,000 after purchasing an additional 84 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stifel Nicolaus dropped their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Morgan Stanley lifted their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. UBS Group started coverage on Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 target price on the stock. Macquarie restated a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a research report on Wednesday, October 2nd. Finally, StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $205.90.

Vail Resorts Stock Performance

MTN stock opened at $182.57 on Wednesday. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The business has a 50-day moving average price of $175.63 and a 200 day moving average price of $179.75. The company has a market capitalization of $6.84 billion, a P/E ratio of 30.28, a PEG ratio of 1.79 and a beta of 1.13. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71.

Vail Resorts (NYSE:MTN) last posted 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). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. During the same period last year, the business posted ($3.35) EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a dividend of $2.22 per share. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 4.86%. Vail Resorts’s dividend payout ratio is currently 147.26%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares in the company, valued at $7,807,360.77. This trade represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was 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 in the company, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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.