Midway Capital Research & Management Purchases Shares of 8,060 Vail Resorts, Inc. $MTN

Midway Capital Research & Management bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, HoldingsChannel reports. The fund bought 8,060 shares of the company’s stock, valued at approximately $1,070,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Bamco Inc. NY grew its holdings in Vail Resorts by 4.1% during the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock worth $852,952,000 after acquiring an additional 227,143 shares during the period. Capital International Investors lifted its holdings in Vail Resorts by 1.5% in the third quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock valued at $748,248,000 after acquiring an additional 74,528 shares during the period. Capital World Investors boosted its position in Vail Resorts by 6.1% in the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock worth $424,488,000 after purchasing an additional 182,982 shares in the last quarter. Oasis Management Co Ltd. boosted its position in Vail Resorts by 8.3% in the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after purchasing an additional 141,500 shares in the last quarter. Finally, UBS Group AG grew its position in Vail Resorts by 22.4% during the third quarter. UBS Group AG now owns 713,531 shares of the company’s stock valued at $106,723,000 after buying an additional 130,460 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTN has been the topic of several research analyst reports. BNP Paribas Exane reissued an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. JPMorgan Chase & Co. boosted their price target on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Stifel Nicolaus dropped their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Mizuho set a $174.00 price target on shares of Vail Resorts in a research note on Tuesday, June 9th. Finally, Morgan Stanley lowered their price target on Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and an average price target of $151.45.

Vail Resorts Stock Performance

NYSE:MTN opened at $144.40 on Friday. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $172.00. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 13.41 and a beta of 0.72. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The company has a fifty day simple moving average of $129.47 and a two-hundred day simple moving average of $135.18.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $10.54 EPS. Vail Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 4.37 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Thursday, June 25th. Vail Resorts’s dividend payout ratio is 201.82%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.