Doliver Advisors LP grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) by 11.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,682 shares of the company’s stock after buying an additional 495 shares during the period. Doliver Advisors LP’s holdings in Vail Resorts were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in MTN. Connectus Wealth LLC lifted its stake in Vail Resorts by 2.1% during the first quarter. Connectus Wealth LLC now owns 10,584 shares of the company’s stock worth $25,000 after purchasing an additional 214 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Vail Resorts by 66.7% during the 4th quarter. First Horizon Advisors Inc. now owns 145 shares of the company’s stock worth $35,000 after buying an additional 58 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Vail Resorts by 875.0% in the 1st quarter. CENTRAL TRUST Co now owns 156 shares of the company’s stock valued at $36,000 after buying an additional 140 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Vail Resorts by 203.5% in the 1st quarter. International Assets Investment Management LLC now owns 173 shares of the company’s stock valued at $40,000 after buying an additional 116 shares in the last quarter. Finally, Natixis purchased a new position in shares of Vail Resorts in the 4th quarter valued at $52,000. 94.94% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on MTN shares. Stifel Nicolaus raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $268.00 price target for the company in a research report on Tuesday. Credit Suisse Group decreased their target price on Vail Resorts from $333.00 to $321.00 in a research report on Friday, June 9th. 3M reaffirmed a “maintains” rating on shares of Vail Resorts in a research report on Friday, June 9th. Bank of America increased their price objective on Vail Resorts from $250.00 to $285.00 in a report on Friday, June 9th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $256.00 to $254.00 in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $261.25.
Vail Resorts Stock Performance
Shares of Vail Resorts stock traded up $11.58 during trading hours on Tuesday, hitting $239.48. 628,988 shares of the company were exchanged, compared to its average volume of 354,327. The business has a 50-day moving average of $235.79 and a 200-day moving average of $237.52. Vail Resorts, Inc. has a 1 year low of $201.91 and a 1 year high of $269.50. The company has a current ratio of 1.50, a quick ratio of 1.40 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 4.57 and a beta of 1.19.
Vail Resorts (NYSE:MTN – Get Free Report) last posted its quarterly earnings results on Thursday, June 8th. The company reported $8.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.88 by ($0.70). Vail Resorts had a return on equity of 17.00% and a net margin of 9.98%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company earned $9.16 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts expect that Vail Resorts, Inc. will post 6.74 EPS for the current fiscal year.
Vail Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Tuesday, June 27th were paid a $2.06 dividend. The ex-dividend date of this dividend was Monday, June 26th. This represents a $8.24 dividend on an annualized basis and a dividend yield of 3.44%. Vail Resorts’s dividend payout ratio (DPR) is presently 113.81%.
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.