Hodges Capital Management Inc. Takes $5.85 Million Position in Vail Resorts, Inc. $MTN

Hodges Capital Management Inc. acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 1st quarter, HoldingsChannel reports. The fund acquired 45,610 shares of the company’s stock, valued at approximately $5,853,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Abel Hall LLC lifted its stake in shares of Vail Resorts by 54.5% in the first quarter. Abel Hall LLC now owns 5,605 shares of the company’s stock worth $719,000 after buying an additional 1,978 shares in the last quarter. First Dallas Securities Inc. purchased a new position in Vail Resorts in the first quarter worth approximately $828,000. Private Advisor Group LLC grew its holdings in shares of Vail Resorts by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 6,248 shares of the company’s stock worth $802,000 after purchasing an additional 265 shares during the period. Leonteq Securities AG boosted its stake in Vail Resorts by 52.5% during the first quarter. Leonteq Securities AG now owns 540 shares of the company’s stock worth $69,000 after buying an additional 186 shares during the period. Finally, Jamison Private Wealth Management Inc. purchased a new position in shares of Vail Resorts during the 1st quarter worth approximately $355,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MTN shares. Zacks Research downgraded Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Wells Fargo & Company began coverage on Vail Resorts in a research note on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. boosted their target price on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Five 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $151.45.

Vail Resorts Stock Down 0.1%

Shares of Vail Resorts stock opened at $140.57 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $172.00. The company has a market capitalization of $5.01 billion, a P/E ratio of 31.95, a P/E/G ratio of 13.20 and a beta of 0.71. The company has a 50 day moving average of $131.19 and a 200 day moving average of $134.56.

Vail Resorts (NYSE:MTN) last announced 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). 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 analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted $10.54 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, research analysts forecast that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.3%. Vail Resorts’s dividend payout ratio (DPR) is currently 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.