Advisors Asset Management Inc. Takes Position in Vail Resorts, Inc. $MTN

Advisors Asset Management Inc. acquired a new position in Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 7,087 shares of the company’s stock, valued at approximately $1,060,000.

A number of other institutional investors also recently bought and sold shares of the stock. NBT Bank N A NY grew its holdings in Vail Resorts by 450.0% during 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 during the period. EverSource Wealth Advisors LLC grew its stake in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings 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 acquiring an additional 124 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Vail Resorts by 222.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after acquiring an additional 147 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Vail Resorts during the 2nd quarter worth approximately $33,000. 94.90% of the stock is owned by institutional investors.

Vail Resorts Stock Performance

NYSE MTN opened at $137.54 on Wednesday. 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, Inc. has a 1-year low of $126.15 and a 1-year high of $175.51. The business has a 50 day simple moving average of $140.29 and a two-hundred day simple moving average of $146.29. The stock has a market capitalization of $4.92 billion, a PE ratio of 20.17, a P/E/G ratio of 8.15 and a beta of 0.81.

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

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. UBS Group reaffirmed a “neutral” rating and issued a $169.00 target price on shares of Vail Resorts in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $156.00 price target on shares of Vail Resorts in a report on Wednesday, January 14th. Morgan Stanley set a $150.00 price objective on Vail Resorts in a research note on Friday, January 16th. Finally, Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $173.27.

Vail Resorts 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.