Longfellow Investment Management Co. LLC Buys New Shares in Vail Resorts, Inc. $MTN

Longfellow Investment Management Co. LLC purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, Holdings Channel reports. The firm purchased 32,000 shares of the company’s stock, valued at approximately $4,357,000. Vail Resorts makes up about 0.9% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTN. Clearstead Advisors LLC boosted its stake in shares of Vail Resorts by 21.5% during the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after buying an additional 75 shares during the last quarter. Comerica Bank increased its position in shares of Vail Resorts by 0.4% in the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock valued at $2,625,000 after acquiring an additional 78 shares during the last quarter. State of Michigan Retirement System raised its holdings in Vail Resorts by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock worth $1,104,000 after acquiring an additional 100 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Vail Resorts by 32.9% during the fourth quarter. UMB Bank n.a. now owns 440 shares of the company’s stock worth $58,000 after acquiring an additional 109 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Vail Resorts Trading Down 0.1%

MTN stock opened at $148.11 on Monday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The company has a fifty day moving average price of $144.07 and a two-hundred day moving average price of $136.13. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $165.50. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 9.78 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.54 earnings per share. Equities analysts anticipate that Vail Resorts, Inc. will post 4.32 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid a $2.22 dividend. The ex-dividend date was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. Vail Resorts’s dividend payout ratio is 201.82%.

Analysts Set New Price Targets

A number of research firms have weighed in on MTN. Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Stifel Nicolaus dropped their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Barclays decreased their target price on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus price target of $149.83.

Vail Resorts 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.