Blume Capital Management Inc. Purchases 7,376 Shares of Vail Resorts, Inc. $MTN

Blume Capital Management Inc. boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 317.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,703 shares of the company’s stock after acquiring an additional 7,376 shares during the quarter. Blume Capital Management Inc.’s holdings in Vail Resorts were worth $1,451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NBT Bank N A NY increased its stake in 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 acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 155 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. Parkside Financial Bank & Trust lifted its position 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 buying an additional 147 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Vail Resorts in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

NYSE MTN opened at $138.83 on Monday. The company’s 50 day moving average is $140.80 and its two-hundred day moving average is $147.11. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 8.41 and a beta of 0.81. Vail Resorts, Inc. has a 12 month low of $126.15 and a 12 month high of $175.51.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping 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 company had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. During the same period in the previous year, the firm earned ($4.61) EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. As a group, research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Tuesday, December 30th were issued a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.4%. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. Truist Financial dropped their target price on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Jefferies Financial Group upgraded Vail Resorts from a “hold” rating to a “buy” rating and lifted their price target for the company from $159.00 to $165.00 in a research report on Tuesday, January 13th. UBS Group restated a “neutral” rating and issued a $169.00 price objective on shares of Vail Resorts in a report on Friday, January 16th. Finally, Barclays set a $140.00 target price on Vail Resorts in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $173.27.

Vail Resorts Company 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.