3,700 Shares in Vail Resorts, Inc. (NYSE:MTN) Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,700 shares of the company's stock, valued at approximately $592,000.

A number of other institutional investors have also recently modified their holdings of MTN. Y Intercept Hong Kong Ltd bought a new stake in Vail Resorts during the 4th quarter valued at about $442,000. Bank of New York Mellon Corp increased its position in shares of Vail Resorts by 13.2% during the fourth quarter. Bank of New York Mellon Corp now owns 416,586 shares of the company's stock valued at $78,089,000 after acquiring an additional 48,721 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Vail Resorts by 4.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,329 shares of the company's stock valued at $3,998,000 after acquiring an additional 986 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Vail Resorts by 146.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock valued at $24,946,000 after purchasing an additional 79,183 shares during the last quarter. Finally, California First Leasing Corp increased its holdings in shares of Vail Resorts by 24.1% in the 4th quarter. California First Leasing Corp now owns 14,648 shares of the company's stock worth $2,746,000 after purchasing an additional 2,840 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Shares of MTN stock traded up $3.50 during trading hours on Wednesday, reaching $164.53. 538,329 shares of the company traded hands, compared to its average volume of 701,237. The firm has a 50-day moving average price of $150.65 and a 200 day moving average price of $159.95. The company has a market cap of $6.11 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.93 and a beta of 0.91. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.54 earnings per share. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is 113.55%.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. The trade was a 6.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays reiterated an "underweight" rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. UBS Group decreased their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Macquarie lowered their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price for the company in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Vail Resorts currently has a consensus rating of "Hold" and an average price target of $187.20.

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.