Bleakley Financial Group LLC Boosts Stake in Vail Resorts, Inc. (NYSE:MTN)

Bleakley Financial Group LLC raised its position in Vail Resorts, Inc. (NYSE:MTN) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,796 shares of the company’s stock after purchasing an additional 582 shares during the quarter. Bleakley Financial Group LLC’s holdings in Vail Resorts were worth $712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. River Road Asset Management LLC raised its stake in shares of Vail Resorts by 606.6% during the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after purchasing an additional 293,006 shares during the period. Point72 Asset Management L.P. acquired a new stake in Vail Resorts during the 3rd quarter valued at $35,264,000. FMR LLC increased its stake in Vail Resorts by 1,080.8% during the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after buying an additional 190,210 shares during the period. Ceredex Value Advisors LLC lifted its holdings in Vail Resorts by 186.2% in the 3rd quarter. Ceredex Value Advisors LLC now owns 245,318 shares of the company’s stock worth $42,756,000 after buying an additional 159,600 shares in the last quarter. Finally, Bamco Inc. NY boosted its position in Vail Resorts by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after buying an additional 136,328 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTN has been the topic of a number of recent analyst reports. UBS Group started coverage on Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price on the stock. Barclays increased their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the stock 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 report on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price objective on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $204.50.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $167.95 on Monday. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The firm has a 50-day moving average of $181.10 and a two-hundred day moving average of $178.41. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 2.07 and a beta of 1.11.

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

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.29%. 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.