33,910 Shares in Vail Resorts, Inc. $MTN Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. purchased a new position in Vail Resorts, Inc. (NYSE:MTN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,910 shares of the company’s stock, valued at approximately $4,351,000.

Other hedge funds have also bought and sold shares of the company. Capital World Investors raised its stake in shares of Vail Resorts by 6.1% in the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after acquiring an additional 182,982 shares during the period. Oasis Management Co Ltd. boosted its stake in shares of Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after purchasing an additional 141,500 shares during the period. UBS Group AG grew its holdings in Vail Resorts by 22.4% during the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock valued at $106,723,000 after purchasing an additional 130,460 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Vail Resorts by 13.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 680,278 shares of the company’s stock worth $90,342,000 after purchasing an additional 78,970 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Vail Resorts by 41.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 554,307 shares of the company’s stock worth $82,908,000 after purchasing an additional 161,562 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTN. Barclays reduced their price target on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a report on Tuesday, June 9th. Mizuho set a $174.00 target price on Vail Resorts in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $151.45.

Vail Resorts Price Performance

NYSE MTN opened at $144.81 on Thursday. The company has a market cap of $5.16 billion, a PE ratio of 32.91, a P/E/G ratio of 13.83 and a beta of 0.71. The firm’s 50 day moving average price is $137.25 and its 200-day moving average price is $134.86. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $166.16.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $10.54 EPS. Sell-side analysts forecast that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s payout ratio is presently 201.82%.

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.