Lecap Asset Management Ltd. Buys New Position in Vail Resorts, Inc. (NYSE:MTN)

Lecap Asset Management Ltd. purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,883 shares of the company’s stock, valued at approximately $699,000.

A number of other hedge funds have also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co increased its position in Vail Resorts by 66.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company’s stock worth $10,082,000 after buying an additional 17,976 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Vail Resorts during the 1st quarter valued at $3,228,000. Nordea Investment Management AB boosted its holdings in Vail Resorts by 5.9% in the 1st quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after buying an additional 24,456 shares during the period. Junto Capital Management LP bought a new stake in Vail Resorts during the fourth quarter valued at about $14,011,000. Finally, Edgestream Partners L.P. lifted its holdings in Vail Resorts by 146.3% in the 1st quarter. Edgestream Partners L.P. now owns 12,147 shares of the company’s stock worth $2,707,000 after purchasing an additional 7,216 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Trading Up 0.0 %

Shares of NYSE:MTN traded up $0.05 during trading on Thursday, reaching $175.58. 36,765 shares of the company were exchanged, compared to its average volume of 526,536. The business’s fifty day simple moving average is $177.30 and its 200-day simple moving average is $200.21. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. Vail Resorts, Inc. has a 12-month low of $165.14 and a 12-month high of $254.78. The firm has a market capitalization of $6.61 billion, a PE ratio of 23.88, a P/E/G ratio of 2.10 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing the consensus estimate of $9.94 by ($0.40). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. On average, research analysts anticipate that Vail Resorts, Inc. will post 6.48 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is 120.82%.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 575 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $176.20 per share, for a total transaction of $101,315.00. Following the acquisition, the chief financial officer now owns 1,171 shares of the company’s stock, valued at approximately $206,330.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MTN shares. Barclays reduced their price target on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a report on Friday, June 7th. Morgan Stanley decreased their price objective on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Stifel Nicolaus reduced their price target on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $217.00 to $176.00 in a research note on Friday, June 7th. Finally, Mizuho decreased their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $221.50.

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.