Deroy & Devereaux Private Investment Counsel Inc. Acquires Shares of 1,910 Vail Resorts, Inc. $MTN

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. has acquired 1,910 shares of Vail Resorts, Inc. (NYSE:MTN) valued at approximately $300,000 during the second quarter.
• Vail Resorts reported a loss of ($5.08) earnings per share for the quarter, missing the consensus estimate, despite a revenue increase of 2.2% year-over-year.
• The company announced a quarterly dividend of $2.22 per share, with a yield of 6.0%, highlighting a payout ratio of 119.84%.

Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,910 shares of the company's stock, valued at approximately $300,000.

A number of other hedge funds have also recently bought and sold shares of MTN. First Pacific Advisors LP boosted its position in Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock valued at $128,910,000 after buying an additional 283,299 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Vail Resorts in the 1st quarter valued at $20,315,000. Hsbc Holdings PLC boosted its position in Vail Resorts by 9,378.0% in the 1st quarter. Hsbc Holdings PLC now owns 125,962 shares of the company's stock valued at $20,018,000 after buying an additional 124,633 shares during the last quarter. Trexquant Investment LP boosted its position in shares of Vail Resorts by 355.2% in the 1st quarter. Trexquant Investment LP now owns 142,522 shares of the company's stock worth $22,806,000 after purchasing an additional 111,213 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Vail Resorts in the 1st quarter worth $16,587,000. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Stock Performance

MTN stock opened at $147.57 on Thursday. The business's 50-day moving average price is $152.95 and its two-hundred day moving average price is $151.98. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The firm has a market cap of $5.29 billion, a PE ratio of 19.92, a P/E/G ratio of 2.60 and a beta of 0.86. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The business had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The business's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($4.67) earnings per share. As a group, research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be issued a dividend of $2.22 per share. The ex-dividend date is Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 6.0%. Vail Resorts's payout ratio is currently 119.84%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MTN shares. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $170.00 to $165.00 and set a "hold" rating on the stock in a research report on Wednesday, September 17th. Weiss Ratings lowered Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 8th. Mizuho reduced their price target on Vail Resorts from $216.00 to $195.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 30th. Wall Street Zen lowered Vail Resorts from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Finally, Zacks Research lowered Vail Resorts from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and an average price target of $174.90.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of Vail Resorts stock in a transaction on Tuesday, October 7th. The shares were purchased at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the acquisition, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. The trade was a 4.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.

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