Private Advisor Group LLC Takes $798,000 Position in Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Private Advisor Group LLC has acquired 4,988 shares of Vail Resorts, Inc., valued at approximately $798,000, during the first quarter.
• Vail Resorts reported earnings of $10.54 per share for the last quarter, exceeding analyst expectations of $10.00, with a net margin of 9.81%.
• The company declared a quarterly dividend of $2.22 per share, representing an annualized dividend of $8.88 and a dividend yield of 5.60%.

Private Advisor Group LLC bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,988 shares of the company's stock, valued at approximately $798,000.

Several other hedge funds and other institutional investors have also modified their holdings of MTN. Norges Bank bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $80,669,000. Point72 Asset Management L.P. increased its holdings in Vail Resorts by 170.1% during the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after purchasing an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after purchasing an additional 289,484 shares in the last quarter. TPG GP A LLC increased its holdings in Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after purchasing an additional 172,082 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in Vail Resorts by 402.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 186,356 shares of the company's stock valued at $34,932,000 after purchasing an additional 149,237 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Vail Resorts Trading Down 0.5%

Shares of NYSE:MTN traded down $0.73 during midday trading on Friday, hitting $149.54. The company had a trading volume of 156,099 shares, compared to its average volume of 686,535. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.88 and a beta of 0.91. The firm has a fifty day simple moving average of $158.04 and a 200 day simple moving average of $156.55.

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

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.9%. Vail Resorts's payout ratio is currently 113.55%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MTN shares. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a report on Wednesday, May 28th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Bank of America lifted their target price on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Finally, UBS Group lowered their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $187.20.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of Vail Resorts stock in a transaction on Friday, June 20th. The shares were purchased at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the acquisition, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company's stock.

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.