Jefferies Financial Group Inc. Buys New Position in Vail Resorts, Inc. $MTN

Jefferies Financial Group Inc. bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,700 shares of the company’s stock, valued at approximately $1,331,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bamco Inc. NY purchased a new stake in Vail Resorts in the 2nd quarter worth $889,971,000. BlackRock Inc. purchased a new position in Vail Resorts during the second quarter valued at $464,712,000. The Manufacturers Life Insurance Company purchased a new position in Vail Resorts during the second quarter valued at $131,418,000. Corient Private Wealth LP purchased a new position in Vail Resorts during the second quarter valued at $55,443,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Vail Resorts in the second quarter valued at about $49,749,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

MTN stock traded up $1.67 during mid-day trading on Friday, reaching $152.84. The company’s stock had a trading volume of 450,910 shares, compared to its average volume of 532,202. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 5.57. The company’s 50 day moving average is $145.97 and its two-hundred day moving average is $139.23. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $163.99. The stock has a market cap of $5.45 billion, a PE ratio of 36.92, a P/E/G ratio of 11.11 and a beta of 0.73.

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

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Thursday, October 8th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 5.8%. Vail Resorts’s dividend payout ratio (DPR) is presently 214.49%.

Wall Street Analyst Weigh In

MTN has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Vail Resorts from $157.00 to $172.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Wall Street Zen upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group initiated coverage on Vail Resorts in a report on Thursday, August 13th. They set a “sell” rating and a $132.00 target price for the company. Barclays reduced their target price on Vail Resorts from $119.00 to $117.00 and set an “underweight” rating for the company in a 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 analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $150.00.

Vail Resorts Profile

Vail Resorts, Inc. operates mountain resorts and related businesses, including lodging, ski schools, equipment rentals, dining and retail. Its resorts offer skiing and snowboarding in winter as well as hiking, mountain biking and other activities in warmer months. The company’s portfolio spans the United States, Canada, Australia and Europe. Vail Resorts also sells the Epic Pass, which provides access to participating resorts and is a key part of its season-pass business. The company’s history is closely tied to Vail Mountain in Colorado, which opened in 1962.