MADDEN SECURITIES Corp Purchases New Holdings in Vail Resorts, Inc. (NYSE:MTN)

MADDEN SECURITIES Corp acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the 4th quarter, HoldingsChannel reports. The firm acquired 14,169 shares of the company’s stock, valued at approximately $2,656,000. Vail Resorts makes up approximately 1.1% of MADDEN SECURITIES Corp’s holdings, making the stock its 26th largest position.

Other hedge funds have also made changes to their positions in the company. Equitable Trust Co. purchased a new stake in shares of Vail Resorts during the fourth quarter worth approximately $1,640,000. Entropy Technologies LP boosted its stake in Vail Resorts by 47.4% during the 4th quarter. Entropy Technologies LP now owns 4,537 shares of the company’s stock worth $850,000 after purchasing an additional 1,458 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Vail Resorts by 18.1% during the fourth quarter. Bleakley Financial Group LLC now owns 3,796 shares of the company’s stock worth $712,000 after buying an additional 582 shares in the last quarter. Country Club Bank purchased a new stake in shares of Vail Resorts during the fourth quarter worth $2,386,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Vail Resorts by 17.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock valued at $5,187,000 after buying an additional 4,080 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTN. Stifel Nicolaus boosted their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Barclays increased their price target on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a report on Tuesday, December 10th. Mizuho boosted their price objective on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, UBS Group assumed coverage on Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Price Performance

Shares of MTN opened at $165.85 on Tuesday. The firm has a 50-day simple moving average of $180.88 and a two-hundred day simple moving average of $178.31. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The stock has a market cap of $6.21 billion, a PE ratio of 27.55, a P/E/G ratio of 2.07 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same quarter in the previous year, the company earned ($4.60) earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s payout ratio is 147.51%.

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.