Vail Resorts, Inc. $MTN Shares Acquired by North Star Investment Management Corp.

North Star Investment Management Corp. increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 384.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,187 shares of the company’s stock after buying an additional 10,465 shares during the quarter. North Star Investment Management Corp.’s holdings in Vail Resorts were worth $1,692,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Oasis Management Co Ltd. increased its holdings in Vail Resorts by 8.3% in the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after buying an additional 141,500 shares during the period. CWM LLC lifted its stake in Vail Resorts by 1,904.9% during the 4th quarter. CWM LLC now owns 14,054 shares of the company’s stock valued at $1,866,000 after acquiring an additional 13,353 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new stake in Vail Resorts during the 3rd quarter valued at approximately $15,574,000. Oak Thistle LLC boosted its holdings in shares of Vail Resorts by 244.9% in the 4th quarter. Oak Thistle LLC now owns 13,523 shares of the company’s stock valued at $1,796,000 after acquiring an additional 9,602 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Vail Resorts by 945.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,963 shares of the company’s stock valued at $2,784,000 after acquiring an additional 18,957 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Weiss Ratings lowered shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. increased their price target on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Barclays cut their price target on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Finally, UBS Group reissued a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $135.37 on Tuesday. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 12.94 and a beta of 0.72. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $172.00. The firm’s 50 day simple moving average is $130.69 and its 200-day simple moving average is $135.02. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $10.54 earnings per share. Vail Resorts’s revenue for the quarter was down 7.0% compared to the same quarter last year. Analysts expect that Vail Resorts, Inc. will post 4.31 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.6%. The ex-dividend date is Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is currently 201.82%.

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.