Vail Resorts, Inc. $MTN Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its holdings in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) by 384.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,187 shares of the company’s stock after purchasing an additional 10,465 shares during the quarter. North Star Investment Management Corp.’s holdings in Vail Resorts were worth $1,692,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of Vail Resorts by 2.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Vail Resorts by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after buying an additional 2,824 shares in the last quarter. Prudential Financial Inc. grew its stake in Vail Resorts by 24.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock valued at $525,000 after acquiring an additional 600 shares during the period. EverSource Wealth Advisors LLC grew its stake in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Vail Resorts in the 2nd quarter worth $2,119,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

MTN has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Barclays dropped their target price on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Wells Fargo & Company initiated coverage on shares of Vail Resorts in a research note on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 target price for the company. Morgan Stanley reduced their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $151.45.

Get Our Latest Stock Analysis on Vail Resorts

Vail Resorts Stock Down 1.9%

NYSE MTN opened at $135.37 on Tuesday. The business has a fifty day moving average price of $130.69 and a 200 day moving average price of $135.02. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $172.00. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The company has a market cap of $4.82 billion, a P/E ratio of 30.77, a P/E/G ratio of 12.94 and a beta of 0.72.

Vail Resorts (NYSE:MTNGet Free Report) last announced its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $10.54 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. Research analysts anticipate that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is currently 201.82%.

About Vail Resorts

(Free Report)

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.

See Also

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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