Vail Resorts, Inc. $MTN Stake Increased by Lmcg Investments LLC

Lmcg Investments LLC increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 58.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,406 shares of the company’s stock after buying an additional 11,188 shares during the period. Lmcg Investments LLC’s holdings in Vail Resorts were worth $4,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jeppson Wealth Management LLC grew its position in Vail Resorts by 1.8% during the third quarter. Jeppson Wealth Management LLC now owns 4,182 shares of the company’s stock worth $574,000 after buying an additional 74 shares during the period. State of Michigan Retirement System lifted its position in shares of Vail Resorts by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock valued at $1,104,000 after acquiring an additional 100 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Vail Resorts by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the company’s stock valued at $360,000 after acquiring an additional 141 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Vail Resorts by 2.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 7,314 shares of the company’s stock valued at $939,000 after acquiring an additional 145 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of Vail Resorts by 6.5% during the 1st quarter. Sanctuary Advisors LLC now owns 2,452 shares of the company’s stock worth $315,000 after acquiring an additional 150 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Down 3.0%

MTN stock opened at $146.84 on Thursday. The company’s 50 day simple moving average is $142.83 and its 200-day simple moving average is $138.60. The firm has a market capitalization of $5.23 billion, a PE ratio of 35.47, a P/E/G 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. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.80 and a quick ratio of 0.68.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.35) by $0.01. Vail Resorts had a net margin of 5.20% and a return on equity of 22.82%. The business had revenue of $278.07 million during the quarter, compared to analysts’ expectations of $269.30 million. During the same period last year, the company posted ($5.08) EPS. The company’s revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Vail Resorts, Inc. will post 5.51 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business 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 dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, October 8th. Vail Resorts’s dividend payout ratio is 214.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MTN shares. JPMorgan Chase & Co. upped their price target on Vail Resorts from $126.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, September 29th. Stifel Nicolaus raised their price objective on Vail Resorts from $157.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Mizuho reduced their price objective on Vail Resorts from $160.00 to $156.00 and set an “outperform” rating for the company in a report on Tuesday, September 29th. Barclays decreased their target price on Vail Resorts from $119.00 to $117.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 29th. Finally, Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 14th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus price target of $150.00.

About Vail Resorts

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.