Farther Finance Advisors LLC Acquires 169 Shares of Vail Resorts, Inc. $MTN

Farther Finance Advisors LLC lifted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 676.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 194 shares of the company’s stock after purchasing an additional 169 shares during the period. Farther Finance Advisors LLC’s holdings in Vail Resorts were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTN. SouthState Corp bought a new position in shares of Vail Resorts in the 1st quarter worth approximately $29,000. Golden State Wealth Management LLC lifted its stake in shares of Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Alpine Bank Wealth Management bought a new position in shares of Vail Resorts in the 1st quarter worth approximately $40,000. GAMMA Investing LLC lifted its stake in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after purchasing an additional 116 shares during the period. Finally, U S Global Investors Inc. bought a new position in shares of Vail Resorts in the 1st quarter worth approximately $104,000. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Trading Down 2.5%

MTN stock opened at $152.05 on Wednesday. The firm has a fifty day moving average price of $152.75 and a 200 day moving average price of $152.35. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 and a current ratio of 0.63. The firm has a market cap of $5.46 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.55 and a beta of 0.86.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The business had revenue of $271.29 million during the quarter, compared to analysts’ expectations of $272.87 million. During the same period last year, the business posted ($4.67) earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, October 9th. Vail Resorts’s payout ratio is presently 119.84%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MTN. Zacks Research cut shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Wall Street Zen cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price (down previously from $180.00) on shares of Vail Resorts in a research note on Tuesday, September 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Vail Resorts in a research note on Saturday, September 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and an average price target of $174.90.

Insider Buying and Selling

In other news, CFO Angela A. Korch acquired 210 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was bought at an average cost of $155.00 per share, with a total value of $32,550.00. Following the completion of the purchase, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at $760,275. This represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by 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.