Bridgefront Capital LLC Makes New $1.73 Million Investment in Vail Resorts, Inc. (NYSE:MTN)

Bridgefront Capital LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,242 shares of the company's stock, valued at approximately $1,732,000. Vail Resorts makes up 0.6% of Bridgefront Capital LLC's investment portfolio, making the stock its 17th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts in the fourth quarter worth approximately $33,000. Blue Trust Inc. boosted its holdings in Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after buying an additional 148 shares during the period. Eagle Bay Advisors LLC purchased a new stake in Vail Resorts in the 4th quarter worth $40,000. GeoWealth Management LLC raised its holdings in Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after acquiring an additional 83 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MTN. Bank of America lowered their price target on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Barclays reaffirmed an "underweight" rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. JPMorgan Chase & Co. raised their price objective on Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a research report on Tuesday, March 11th. Mizuho decreased their target price on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Morgan Stanley set a $152.00 price objective on Vail Resorts in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $187.60.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch bought 185 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at approximately $472,960. The trade was a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company's stock.

Vail Resorts Trading Up 1.2 %

Shares of MTN stock traded up $1.75 during trading hours on Friday, reaching $145.15. 564,463 shares of the stock were exchanged, compared to its average volume of 579,308. 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, Inc. has a 12-month low of $129.85 and a 12-month high of $206.38. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company's 50-day moving average price is $148.66 and its 200-day moving average price is $166.46.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $5.76 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio is currently 130.21%.

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.