K.J. Harrison & Partners Inc Purchases Shares of 3,700 Vail Resorts, Inc. (NYSE:MTN)

K.J. Harrison & Partners Inc bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,700 shares of the company's stock, valued at approximately $592,000.

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

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the business's stock in a transaction dated Friday, June 20th. The shares were purchased at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the purchase, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Vail Resorts Stock Up 0.1%

Shares of NYSE:MTN traded up $0.08 during midday trading on Monday, hitting $157.31. 454,117 shares of the company's stock were exchanged, compared to its average volume of 591,554. 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. The company has a market cap of $5.84 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The stock has a 50 day moving average price of $149.66 and a 200-day moving average price of $160.17.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data 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. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period last year, the business earned $9.54 EPS. The business's revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th will be given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts's payout ratio is 113.55%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MTN. Barclays reaffirmed an "underweight" rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Bank of America boosted their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research note on Wednesday, May 28th. Finally, Macquarie dropped their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Vail Resorts presently has an average rating of "Hold" and a consensus target price of $187.20.

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.