Vail Resorts, Inc. $MTN Stock Acquired by Lmcg Investments LLC

Key Points

• Lmcg Investments increased its Vail Resorts stake by 58.2% in the third quarter, reaching 30,406 shares valued at approximately $4.17 million. Institutional investors collectively own 94.9% of MTN.
• Analyst sentiment is mixed, with five Buy, nine Hold and three Sell ratings; the consensus rating is Hold with a $150 price target.
• Vail Resorts exceeded quarterly revenue and earnings expectations, reporting $278.1 million in revenue and a loss of $5.34 per share. The company also announced a $2.22 quarterly dividend, equivalent to an annualized yield of about 6%.

Lmcg Investments LLC lifted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 58.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,406 shares of the company's stock after buying an additional 11,188 shares during the period. Lmcg Investments LLC owned approximately 0.09% of Vail Resorts worth $4,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its position in Vail Resorts by 24.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,733 shares of the company's stock worth $512,000 after acquiring an additional 738 shares during the period. Midway Capital Research & Management grew its stake in shares of Vail Resorts by 3.1% in the 3rd quarter. Midway Capital Research & Management now owns 9,550 shares of the company's stock valued at $1,310,000 after purchasing an additional 283 shares during the last quarter. Jeppson Wealth Management LLC grew its stake in shares of Vail Resorts by 1.8% in the 3rd quarter. Jeppson Wealth Management LLC now owns 4,182 shares of the company's stock valued at $574,000 after purchasing an additional 74 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in shares of Vail Resorts by 12.0% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 5,196 shares of the company's stock valued at $713,000 after purchasing an additional 555 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Vail Resorts by 68.3% in the third quarter. GAMMA Investing LLC now owns 1,025 shares of the company's stock valued at $141,000 after purchasing an additional 416 shares during the period. Hedge funds and other institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

MTN has been the subject of several analyst reports. The Goldman Sachs Group assumed coverage on Vail Resorts in a research note on Thursday, August 13th. They set a "sell" rating and a $132.00 price target for the company. Wells Fargo & Company increased their price target on Vail Resorts from $125.00 to $130.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 29th. LADENBURG THALM/SH SH began coverage on shares of Vail Resorts in a research report on Tuesday, October 13th. They issued a "buy" rating and a $192.00 price objective on the stock. BNP Paribas Exane lowered shares of Vail Resorts from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $151.00 to $135.00 in a research report on Monday, September 21st. Finally, UBS Group reissued a "neutral" rating on shares of Vail Resorts in a research note on Friday, September 18th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $150.00.

Vail Resorts Stock Performance

Shares of MTN stock opened at $146.84 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 5.57. The stock has a 50 day simple moving average of $142.83 and a 200-day simple moving average of $138.60. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 11.13 and a beta of 0.76. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $163.34.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, beating analysts' consensus estimates of ($5.35) by $0.01. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The firm had revenue of $278.07 million for the quarter, compared to the consensus estimate of $269.30 million. During the same period in the previous year, the business earned ($5.08) earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Vail Resorts, Inc. will post 5.51 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 27th. Shareholders of record on Thursday, October 8th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. Vail Resorts's dividend payout ratio (DPR) is 214.49%.

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort company that operates ski and summer resorts, lodging properties, restaurants, retail locations and ski and snowboard schools. Its business serves vacationers, season-pass holders and day visitors through a combination of resort operations, hospitality and recreational services.

The company's portfolio includes well-known North American destinations such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb, Stowe and Heavenly.

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