North Star Investment Management Corp. Reduces Stock Position in Vail Resorts, Inc. (NYSE:MTN)

North Star Investment Management Corp. decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,186 shares of the company’s stock after selling 245 shares during the quarter. North Star Investment Management Corp.’s holdings in Vail Resorts were worth $1,630,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. increased its stake in shares of Vail Resorts by 15.2% during the fourth quarter. Principal Securities Inc. now owns 1,694 shares of the company’s stock valued at $318,000 after buying an additional 223 shares during the period. Allworth Financial LP lifted its position in shares of Vail Resorts by 375.5% in the 4th quarter. Allworth Financial LP now owns 661 shares of the company’s stock worth $124,000 after purchasing an additional 522 shares during the period. Nkcfo LLC bought a new stake in shares of Vail Resorts during the 4th quarter valued at about $281,000. CIBC Asset Management Inc bought a new stake in shares of Vail Resorts during the 4th quarter valued at about $225,000. Finally, Kestra Investment Management LLC increased its position in shares of Vail Resorts by 134.5% during the fourth quarter. Kestra Investment Management LLC now owns 5,217 shares of the company’s stock valued at $978,000 after buying an additional 2,992 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTN has been the subject of several research analyst reports. Barclays restated 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. JPMorgan Chase & Co. upgraded Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 target price for the company in a research note on Wednesday, May 28th. Mizuho upped their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. UBS Group decreased their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, June 11th. Finally, 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 report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and an average price target of $187.20.

Vail Resorts Trading Down 1.5%

Vail Resorts stock opened at $151.37 on Monday. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The business’s fifty day simple moving average is $146.37 and its two-hundred day simple moving average is $162.41. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.54 EPS. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.87%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts’s dividend payout ratio (DPR) is currently 113.55%.

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.