Oppenheimer & Co. Inc. Purchases 2,382 Shares of Vail Resorts, Inc. (NYSE:MTN)

Oppenheimer & Co. Inc. grew its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 13.3% in the third quarter, Holdings Channel reports. The firm owned 20,343 shares of the company’s stock after purchasing an additional 2,382 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vail Resorts were worth $3,546,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Vail Resorts in the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in shares of Vail Resorts during the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its holdings in shares of Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 165 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $173.09 per share, with a total value of $28,559.85. Following the transaction, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 8.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday. Macquarie reissued a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. UBS Group began coverage on shares of Vail Resorts in a research note on Thursday. They issued a “neutral” rating and a $185.00 price objective for the company. Stifel Nicolaus decreased their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $205.90.

Vail Resorts Stock Performance

Shares of NYSE:MTN opened at $176.41 on Friday. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The company has a 50-day moving average price of $175.51 and a 200-day moving average price of $180.56. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same period in the previous year, the firm posted ($3.35) EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 5.03%. Vail Resorts’s dividend payout ratio (DPR) is 147.26%.

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.