Mendota Financial Group LLC Acquires Shares of 635 Vail Resorts, Inc. (NYSE:MTN)

Mendota Financial Group LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) in the 4th quarter, Holdings Channel reports. The fund bought 635 shares of the company’s stock, valued at approximately $136,000.

Several other large investors also recently modified their holdings of the business. Aspire Private Capital LLC grew its stake in shares of Vail Resorts by 6.3% during the fourth quarter. Aspire Private Capital LLC now owns 822 shares of the company’s stock valued at $195,869,595,000 after acquiring an additional 49 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Vail Resorts by 5.6% during the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock valued at $208,000 after acquiring an additional 50 shares in the last quarter. Kinneret Advisory LLC grew its stake in shares of Vail Resorts by 2.3% during the first quarter. Kinneret Advisory LLC now owns 2,315 shares of the company’s stock valued at $607,000 after acquiring an additional 51 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Vail Resorts by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 18,452 shares of the company’s stock valued at $4,317,000 after acquiring an additional 51 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Vail Resorts by 4.2% in the third quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock worth $303,000 after purchasing an additional 55 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MTN. Stifel Nicolaus reiterated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. Mizuho began coverage on Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price target for the company. Morgan Stanley lifted their price target on Vail Resorts from $247.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $273.00 to $266.00 and set a “hold” rating for the company in a research note on Wednesday, December 6th. Finally, Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $266.33.

Check Out Our Latest Research Report on Vail Resorts

Vail Resorts Stock Performance

Shares of MTN stock opened at $222.83 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. The business has a 50 day moving average of $224.61 and a two-hundred day moving average of $222.88. Vail Resorts, Inc. has a 52 week low of $204.88 and a 52 week high of $258.13. The company has a market cap of $8.46 billion, a P/E ratio of 37.20, a PEG ratio of 2.36 and a beta of 1.12.

Vail Resorts (NYSE:MTNGet Free Report) last issued its earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.16 earnings per share. As a group, analysts anticipate that Vail Resorts, Inc. will post 7.75 EPS for the current year.

Vail Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Wednesday, March 27th. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s payout ratio is 148.25%.

About Vail Resorts

(Free Report)

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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