Raleigh Capital Management Inc. Increases Stake in Vail Resorts, Inc. (NYSE:MTN)

Raleigh Capital Management Inc. increased its stake in Vail Resorts, Inc. (NYSE:MTN) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393 shares of the company’s stock after buying an additional 67 shares during the period. Raleigh Capital Management Inc.’s holdings in Vail Resorts were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTN. V Square Quantitative Management LLC purchased a new position in shares of Vail Resorts during the 3rd quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of Vail Resorts during the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of Vail Resorts during the fourth quarter valued at approximately $40,000. UMB Bank n.a. grew its stake in Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Vail Resorts by 165.3% in the third quarter. Venturi Wealth Management LLC now owns 321 shares of the company’s stock worth $56,000 after purchasing an additional 200 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Price Performance

Shares of MTN opened at $168.59 on Friday. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92. The company has a market capitalization of $6.31 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. The firm has a 50 day moving average of $183.53 and a 200 day moving average of $179.16. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. During the same quarter last year, the company earned ($4.60) EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a $2.22 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 5.27%. Vail Resorts’s payout ratio is 147.51%.

Analysts Set New Price Targets

A number of analysts have recently commented on MTN shares. JPMorgan Chase & Co. dropped their target price on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Morgan Stanley reissued an “equal weight” rating and set a $197.00 price objective on shares of Vail Resorts in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays upped their price target on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $204.50.

Vail Resorts Profile

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.