Virtu Financial LLC Takes Position in Vail Resorts, Inc. $MTN

Virtu Financial LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,039 shares of the company’s stock, valued at approximately $935,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Oasis Management Co Ltd. raised its stake in shares of Vail Resorts by 8.3% during the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after purchasing an additional 141,500 shares during the period. Kazazian Asset Management LLC acquired a new position in shares of Vail Resorts in the third quarter worth about $1,296,000. Waratah Capital Advisors Ltd. boosted its holdings in Vail Resorts by 31.5% in the third quarter. Waratah Capital Advisors Ltd. now owns 228,388 shares of the company’s stock valued at $34,160,000 after purchasing an additional 54,722 shares during the last quarter. CWM LLC boosted its holdings in Vail Resorts by 1,904.9% in the fourth quarter. CWM LLC now owns 14,054 shares of the company’s stock valued at $1,866,000 after purchasing an additional 13,353 shares during the last quarter. Finally, Oak Thistle LLC grew its stake in Vail Resorts by 244.9% during the 4th quarter. Oak Thistle LLC now owns 13,523 shares of the company’s stock valued at $1,796,000 after purchasing an additional 9,602 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 0.3%

MTN opened at $144.40 on Monday. The company has a market capitalization of $5.15 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 13.41 and a beta of 0.72. 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, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $172.00. The business has a 50-day moving average of $129.47 and a 200-day moving average of $135.15.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 EPS 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 firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $10.54 EPS. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities research analysts forecast that Vail Resorts, Inc. will post 4.37 EPS for the current fiscal year.

Vail Resorts Announces Dividend

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 given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.1%. Vail Resorts’s payout ratio is currently 201.82%.

Analysts Set New Price Targets

A number of research firms have commented on MTN. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Morgan Stanley dropped their price objective on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Wells Fargo & Company assumed coverage on Vail Resorts in a research report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 target price on the stock. Barclays lowered their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $151.45.

About Vail Resorts

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.