Permanent Capital Management LP Purchases New Stake in Vail Resorts, Inc. $MTN

Permanent Capital Management LP acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,296 shares of the company’s stock, valued at approximately $1,091,000.

Other hedge funds have also recently bought and sold shares of the company. Rice Hall James & Associates LLC lifted its holdings in shares of Vail Resorts by 11.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 115,724 shares of the company’s stock worth $17,309,000 after acquiring an additional 11,809 shares during the period. Uncommon Cents Investing LLC raised its position in Vail Resorts by 1.8% during the third quarter. Uncommon Cents Investing LLC now owns 14,530 shares of the company’s stock valued at $2,173,000 after purchasing an additional 255 shares in the last quarter. CWM LLC lifted its stake in Vail Resorts by 33.3% during the third quarter. CWM LLC now owns 701 shares of the company’s stock worth $105,000 after purchasing an additional 175 shares during the last quarter. World Investment Advisors acquired a new stake in shares of Vail Resorts in the 3rd quarter valued at $1,118,000. Finally, Net Worth Advisory Group bought a new position in shares of Vail Resorts in the 3rd quarter valued at $284,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTN has been the topic of several research analyst reports. Barclays reduced their price objective on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 30th. Wall Street Zen raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vail Resorts in a report on Tuesday, December 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective (down from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Finally, Bank of America dropped their price objective on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $176.30.

Vail Resorts Stock Up 0.4%

Shares of NYSE MTN opened at $140.27 on Monday. The company has a 50 day simple moving average of $146.30 and a 200 day simple moving average of $152.03. 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 $129.85 and a 1 year high of $191.42. The firm has a market cap of $5.02 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 10.86 and a beta of 0.81.

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

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Tuesday, December 30th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

Insider Buying and Selling

In related news, CFO Angela A. Korch purchased 210 shares of Vail Resorts stock in a transaction on Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This represents a 4.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

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.