Nuveen LLC Purchases New Position in Vail Resorts, Inc. $MTN

Key Points

• Nuveen LLC acquired a new stake in Vail Resorts, Inc. by purchasing 103,653 shares valued at approximately $16.6 million, representing 0.28% of the company's total stock.
• Several hedge funds increased their positions in Vail Resorts, with 94.90% of the stock now owned by institutional investors and hedge funds.
• Analysts have set a consensus target price of $187.20 for Vail Resorts, with ratings ranging from "Buy" to "Hold" and one "Sell" rating.

Nuveen LLC purchased a new position in Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 103,653 shares of the company's stock, valued at approximately $16,587,000. Nuveen LLC owned approximately 0.28% of Vail Resorts at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. State of Michigan Retirement System raised its position in Vail Resorts by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock worth $1,440,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Vail Resorts by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock worth $1,680,000 after acquiring an additional 100 shares in the last quarter. Aurora Investment Managers LLC. raised its position in Vail Resorts by 1.1% in the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock worth $1,522,000 after acquiring an additional 104 shares in the last quarter. ProShare Advisors LLC raised its position in Vail Resorts by 6.7% in the fourth quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock worth $328,000 after acquiring an additional 110 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Vail Resorts by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock worth $701,000 after acquiring an additional 110 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Stock Up 3.6%

NYSE:MTN traded up $5.5780 on Friday, hitting $162.6880. 481,463 shares of the company's stock traded hands, compared to its average volume of 486,633. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The firm has a 50-day moving average price of $157.26 and a 200-day moving average price of $154.10. The company has a market cap of $6.04 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the business posted $9.54 EPS. The business's revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's payout ratio is 113.55%.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the stock in a transaction on Friday, June 20th. The shares were bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the purchase, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. The trade was a 6.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MTN shares. Deutsche Bank Aktiengesellschaft cut their price objective on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Mizuho boosted their price objective on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a report on Wednesday, May 28th. UBS Group cut their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Finally, Bank of America boosted their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $187.20.

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.