Parr Mcknight Wealth Management Group LLC Makes New $1.02 Million Investment in Vail Resorts, Inc. (NYSE:MTN)

Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,417 shares of the company's stock, valued at approximately $1,015,000.

A number of other hedge funds have also bought and sold shares of MTN. Heck Capital Advisors LLC bought a new stake in Vail Resorts during the fourth quarter worth $33,000. Blue Trust Inc. lifted its holdings in Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after acquiring an additional 148 shares during the period. GeoWealth Management LLC lifted its holdings in Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after acquiring an additional 180 shares during the period. UMB Bank n.a. lifted its holdings in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after acquiring an additional 83 shares during the period. Finally, Raleigh Capital Management Inc. lifted its holdings in Vail Resorts by 20.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock worth $74,000 after acquiring an additional 67 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Stock Performance

Shares of NYSE MTN traded up $3.62 during mid-day trading on Tuesday, hitting $151.33. The company had a trading volume of 736,691 shares, compared to its average volume of 578,018. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The stock's 50-day moving average price is $146.36 and its 200-day moving average price is $164.83. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 1.93 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the business earned $5.76 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's payout ratio is 130.21%.

Insider Buying and Selling

In other news, CFO Angela A. Korch purchased 185 shares of the company's stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on MTN shares. Macquarie lowered their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley set a $152.00 target price on Vail Resorts in a research note on Friday, April 25th. Bank of America lowered their target price on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Mizuho lowered their target price on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Barclays restated an "underweight" rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vail Resorts presently has an average rating of "Hold" and an average price target of $187.60.

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.