Longfellow Investment Management Co. LLC Takes $4.36 Million Position in Vail Resorts, Inc. $MTN

Longfellow Investment Management Co. LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,000 shares of the company’s stock, valued at approximately $4,357,000. Vail Resorts comprises about 0.9% of Longfellow Investment Management Co. LLC’s holdings, making the stock its 24th largest holding. Longfellow Investment Management Co. LLC owned 0.09% of Vail Resorts at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of Vail Resorts by 26.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after acquiring an additional 201,750 shares during the last quarter. Oasis Management Co Ltd. boosted its position in shares of 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 purchasing an additional 141,500 shares during the last quarter. CWM LLC grew its stake in shares of Vail Resorts by 1,904.9% during the fourth quarter. CWM LLC now owns 14,054 shares of the company’s stock worth $1,866,000 after purchasing an additional 13,353 shares during the period. Peregrine Capital Management LLC acquired a new stake in shares of Vail Resorts during the first quarter worth $4,605,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Vail Resorts by 945.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,963 shares of the company’s stock valued at $2,784,000 after purchasing an additional 18,957 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTN has been the topic of several analyst reports. 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 research note on Tuesday, June 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vail Resorts in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft cut their price target 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. Truist Financial reduced their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Finally, Mizuho set a $174.00 price objective on shares of Vail Resorts in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $149.83.

Vail Resorts Stock Down 0.1%

Shares of Vail Resorts stock opened at $148.11 on Monday. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $165.50. The business has a 50-day moving average of $144.07 and a two-hundred day moving average of $136.13. The company has a market capitalization of $5.28 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 9.78 and a beta of 0.70. 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 released its quarterly earnings data 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm earned $10.54 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts predict that Vail Resorts, Inc. will post 4.32 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s dividend payout ratio is 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.