CenterBook Partners LP Purchases 14,624 Shares of Vail Resorts, Inc. $MTN

CenterBook Partners LP raised its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 423.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,074 shares of the company’s stock after acquiring an additional 14,624 shares during the quarter. CenterBook Partners LP’s holdings in Vail Resorts were worth $2,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in Vail Resorts by 2.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Vail Resorts by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock worth $23,721,000 after acquiring an additional 2,824 shares during the period. CWM LLC grew its position in shares of Vail Resorts by 101.5% in the second quarter. CWM LLC now owns 526 shares of the company’s stock valued at $83,000 after purchasing an additional 265 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Vail Resorts by 161.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 11,072 shares of the company’s stock valued at $1,740,000 after purchasing an additional 6,835 shares during the period. Finally, Ethic Inc. lifted its holdings in Vail Resorts by 55.8% during the 2nd quarter. Ethic Inc. now owns 3,500 shares of the company’s stock worth $550,000 after purchasing an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $143.24 on Friday. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. Vail Resorts, Inc. has a one year low of $126.15 and a one year high of $175.51. The business’s 50 day simple moving average is $140.06 and its two-hundred day simple moving average is $146.24. The stock has a market capitalization of $5.13 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 8.62 and a beta of 0.81.

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

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Analyst Ratings Changes

MTN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Morgan Stanley set a $150.00 target price on Vail Resorts in a research note on Friday, January 16th. Jefferies Financial Group raised Vail Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $159.00 to $165.00 in a research note on Tuesday, January 13th. Finally, UBS Group reiterated a “neutral” rating and issued a $169.00 price objective on shares of Vail Resorts in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $173.27.

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.