35,890 Shares in Vail Resorts, Inc. $MTN Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,890 shares of the company’s stock, valued at approximately $4,605,000.

Other institutional investors also recently bought and sold shares of the company. BOKF NA increased its position in shares of Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. Danske Bank A S acquired a new stake in Vail Resorts in the 3rd quarter valued at about $30,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Price Performance

Vail Resorts stock opened at $136.67 on Thursday. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $172.00. The stock has a market capitalization of $4.87 billion, a P/E ratio of 31.06, a P/E/G ratio of 12.78 and a beta of 0.71. The firm’s 50-day moving average is $130.82 and its two-hundred day moving average is $134.85. 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 issued its quarterly earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $10.54 earnings per share. Equities analysts predict that Vail Resorts, Inc. will post 4.31 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, June 25th. Vail Resorts’s payout ratio is presently 201.82%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MTN. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Wells Fargo & Company assumed coverage on Vail Resorts in a research report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price objective for the company. Mizuho set a $174.00 target price on Vail Resorts in a research note on Tuesday, June 9th. JPMorgan Chase & Co. increased their target price on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Finally, Stifel Nicolaus dropped their price target on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Five equities research 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $151.45.

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.