8,665 Shares in Vail Resorts, Inc. $MTN Acquired by Kazazian Asset Management LLC

Kazazian Asset Management LLC acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) in the third quarter, according to its most recent filing with the SEC. The fund acquired 8,665 shares of the company’s stock, valued at approximately $1,296,000. Vail Resorts makes up 1.6% of Kazazian Asset Management LLC’s holdings, making the stock its 15th largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. NBT Bank N A NY grew its position in shares of Vail Resorts by 450.0% in the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after purchasing an additional 124 shares during the period. Parkside Financial Bank & Trust grew its holdings in Vail Resorts by 222.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 147 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Vail Resorts during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

MTN stock opened at $142.90 on Friday. The firm has a 50 day simple moving average of $139.68 and a two-hundred day simple moving average of $146.18. The stock has a market cap of $5.11 billion, a PE ratio of 20.95, a P/E/G ratio of 8.67 and a beta of 0.81. Vail Resorts, Inc. has a one year low of $126.15 and a one year high of $175.51. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.23) by $0.03. The company had revenue of $271.03 million during the quarter, compared to the consensus estimate of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($4.61) EPS. On average, analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Tuesday, December 30th. Vail Resorts’s dividend payout ratio is presently 130.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTN. Truist Financial lowered their price target on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $156.00 target price on shares of Vail Resorts in a report on Wednesday, January 14th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Jefferies Financial Group raised shares of Vail Resorts from a “hold” rating to a “buy” rating and upped their price target for the stock from $159.00 to $165.00 in a report on Tuesday, January 13th. Finally, UBS Group reiterated a “neutral” rating and issued a $169.00 price objective on shares of Vail Resorts in a research report on Friday, January 16th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus target price of $173.27.

About Vail Resorts

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.