Cadence Bank Grows Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Cadence Bank raised its holdings in Vail Resorts, Inc. (NYSE:MTN) by 28.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,312 shares of the company’s stock after purchasing an additional 12,411 shares during the quarter. Cadence Bank’s holdings in Vail Resorts were worth $9,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Advisors Asset Management Inc. raised its position in Vail Resorts by 8.5% during the first quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after acquiring an additional 78 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Vail Resorts by 5.9% during the 1st quarter. Kennedy Capital Management LLC now owns 7,023 shares of the company’s stock valued at $1,565,000 after purchasing an additional 394 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Vail Resorts by 28.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,689 shares of the company’s stock valued at $597,000 after purchasing an additional 590 shares during the period. California State Teachers Retirement System boosted its holdings in Vail Resorts by 1.0% during the first quarter. California State Teachers Retirement System now owns 61,727 shares of the company’s stock worth $13,755,000 after buying an additional 598 shares in the last quarter. Finally, LBP AM SA grew its position in Vail Resorts by 126.7% during the first quarter. LBP AM SA now owns 4,011 shares of the company’s stock valued at $894,000 after buying an additional 2,242 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

NYSE:MTN opened at $182.57 on Wednesday. Vail Resorts, Inc. has a one year low of $165.00 and a one year high of $236.92. The stock has a market cap of $6.84 billion, a PE ratio of 30.28, a P/E/G ratio of 1.79 and a beta of 1.13. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a 50 day moving average price of $175.63 and a 200 day moving average price of $179.75.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The company had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned ($3.35) earnings per share. Equities research analysts expect that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered 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 note on Friday, September 27th. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Morgan Stanley lifted their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Barclays reduced their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $205.90.

Insider Transactions at Vail Resorts

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

Vail Resorts Company 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.