Bamco Inc. NY Has $903.72 Million Holdings in Vail Resorts, Inc. (NYSE:MTN)

Bamco Inc. NY grew its stake in Vail Resorts, Inc. (NYSE:MTN) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,185,136 shares of the company’s stock after purchasing an additional 136,328 shares during the quarter. Vail Resorts makes up approximately 2.4% of Bamco Inc. NY’s investment portfolio, making the stock its 9th largest holding. Bamco Inc. NY owned approximately 13.83% of Vail Resorts worth $903,717,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in Vail Resorts by 1,250.0% during the 2nd quarter. Versant Capital Management Inc now owns 324 shares of the company’s stock worth $58,000 after purchasing an additional 300 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Vail Resorts by 391.3% in the second quarter. Linden Thomas Advisory Services LLC now owns 16,296 shares of the company’s stock valued at $2,935,000 after acquiring an additional 12,979 shares during the period. Mendota Financial Group LLC grew its stake in shares of Vail Resorts by 20.7% in the second quarter. Mendota Financial Group LLC now owns 730 shares of the company’s stock valued at $131,000 after acquiring an additional 125 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in Vail Resorts by 6.1% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 2,541 shares of the company’s stock worth $458,000 after acquiring an additional 146 shares during the period. Finally, Aurora Investment Managers LLC. increased its position in Vail Resorts by 18.9% during the second quarter. Aurora Investment Managers LLC. now owns 8,273 shares of the company’s stock worth $1,490,000 after acquiring an additional 1,314 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTN. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. UBS Group initiated coverage on Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target for the company. Macquarie restated a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday, October 2nd. Stifel Nicolaus dropped their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Finally, StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $205.90.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. The trade was a 8.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction 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 Stock Down 1.7 %

Shares of NYSE MTN opened at $179.24 on Monday. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 1.72 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The stock has a 50-day moving average price of $175.40 and a two-hundred day moving average price of $179.33.

Vail Resorts (NYSE:MTN) last released 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). The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.35) earnings per share. As a group, analysts forecast that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared 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 4.95%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s payout ratio is 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.