Blume Capital Management Inc. Grows Stake in Vail Resorts, Inc. $MTN

Blume Capital Management Inc. raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 317.0% during the third quarter, HoldingsChannel reports. The firm owned 9,703 shares of the company’s stock after buying an additional 7,376 shares during the quarter. Blume Capital Management Inc.’s holdings in Vail Resorts were worth $1,451,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. NBT Bank N A NY increased its position in shares of Vail Resorts by 450.0% during the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares during the period. Parkside Financial Bank & Trust increased its position in Vail Resorts by 222.7% during the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after acquiring an additional 147 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Vail Resorts in the second quarter valued at $33,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MTN shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vail Resorts in a research note on Monday, December 29th. UBS Group reaffirmed a “neutral” rating and set a $169.00 target price on shares of Vail Resorts in a research note on Friday, January 16th. JPMorgan Chase & Co. increased their price target on Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Morgan Stanley set a $150.00 price objective on Vail Resorts in a report on Friday, January 16th. Finally, Barclays set a $140.00 target price on Vail Resorts in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $173.27.

Vail Resorts Trading Up 1.6%

Shares of NYSE MTN opened at $138.83 on Monday. Vail Resorts, Inc. has a twelve month low of $126.15 and a twelve month high of $175.51. The firm has a market cap of $4.97 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 8.41 and a beta of 0.81. The business has a fifty day simple moving average of $140.80 and a two-hundred day simple moving average of $147.11. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, beating the consensus estimate of ($5.23) by $0.03. The firm had revenue of $271.03 million for the quarter, compared to analyst estimates of $273.35 million. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted ($4.61) earnings per share. Analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, December 30th. Vail Resorts’s dividend payout ratio is presently 130.21%.

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.