Stifel Financial Corp Grows Position in Vail Resorts, Inc. (NYSE:MTN)

Stifel Financial Corp raised its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 52.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,227 shares of the company's stock after buying an additional 11,096 shares during the quarter. Stifel Financial Corp owned about 0.09% of Vail Resorts worth $6,041,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in Vail Resorts in the fourth quarter worth about $33,000. Blue Trust Inc. boosted its position in shares of Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after purchasing an additional 148 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Vail Resorts in the fourth quarter worth $40,000. GeoWealth Management LLC lifted its position 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 buying an additional 180 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after buying an additional 83 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on MTN. Bank of America lowered their target price on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Macquarie lowered their price target on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Morgan Stanley set a $152.00 price objective on shares of Vail Resorts in a research report on Friday, April 25th. Barclays reaffirmed an "underweight" rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. increased their target price on Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $187.60.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $160.00 per share, with a total value 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. This represents a 6.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Stock Performance

MTN traded up $0.83 during trading on Monday, hitting $141.35. The company's stock had a trading volume of 63,032 shares, compared to its average volume of 639,496. The business's 50 day simple moving average is $150.26 and its 200-day simple moving average is $167.43. The firm has a market cap of $5.28 billion, a PE ratio of 23.48, a P/E/G ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $206.38. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

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, beating the consensus estimate of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.76 earnings per share. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio is presently 130.21%.

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.