Park Avenue Securities LLC Invests $367,000 in Vail Resorts, Inc. $MTN

Park Avenue Securities LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,335 shares of the company’s stock, valued at approximately $367,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MTN. Wellington Management Group LLP purchased a new stake in shares of Vail Resorts in the 4th quarter worth about $224,000. GAMMA Investing LLC boosted its position in shares of Vail Resorts by 27,955.2% in the 1st quarter. GAMMA Investing LLC now owns 43,205 shares of the company’s stock worth $6,914,000 after buying an additional 43,051 shares in the last quarter. Sendero Wealth Management LLC purchased a new stake in shares of Vail Resorts in the 1st quarter worth about $326,000. Procyon Advisors LLC boosted its position in shares of Vail Resorts by 46.2% in the 1st quarter. Procyon Advisors LLC now owns 2,340 shares of the company’s stock worth $374,000 after buying an additional 739 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Vail Resorts by 990.4% in the 1st quarter. SG Americas Securities LLC now owns 15,156 shares of the company’s stock worth $2,425,000 after buying an additional 13,766 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MTN shares. Barclays decreased their price objective on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research report on Tuesday. UBS Group decreased their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective (down from $180.00) on shares of Vail Resorts in a research report on Tuesday. Mizuho reduced their target price on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Morgan Stanley restated a “cautious” rating on shares of Vail Resorts in a report on Friday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $175.80.

Vail Resorts Trading Up 0.9%

Shares of MTN stock opened at $149.34 on Wednesday. The firm has a market cap of $5.55 billion, a P/E ratio of 20.15, a PEG ratio of 1.95 and a beta of 0.87. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The firm’s 50-day simple moving average is $153.15 and its 200-day simple moving average is $152.58.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The company had revenue of $271.29 million for the quarter, compared to analysts’ expectations of $272.87 million. Vail Resorts had a return on equity of 30.03% and a net margin of 9.45%.The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($4.67) earnings per share. As a group, equities analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, October 9th. Vail Resorts’s dividend payout ratio is 113.55%.

About Vail Resorts

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.