Burney Co. Invests $849,000 in Vail Resorts, Inc. $MTN

Burney Co. acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,615 shares of the company’s stock, valued at approximately $849,000.

Several other hedge funds have also made changes to their positions in MTN. Clearstead Advisors LLC increased its position in shares of Vail Resorts by 21.5% during the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock valued at $56,000 after purchasing an additional 75 shares during the period. Comerica Bank lifted its position in Vail Resorts by 0.4% in the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after purchasing an additional 78 shares during the period. Provident Investment Management Inc. boosted its stake in Vail Resorts by 1.6% during the third quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock worth $871,000 after buying an additional 90 shares in the last quarter. Golden State Wealth Management LLC boosted its stake 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 buying an additional 100 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Vail Resorts by 32.9% in the 4th quarter. UMB Bank n.a. now owns 440 shares of the company’s stock valued at $58,000 after buying an additional 109 shares during the period. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Trading Up 2.8%

MTN stock opened at $147.63 on Friday. The business has a fifty day moving average price of $132.94 and a 200 day moving average price of $134.25. 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 stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 13.48 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last announced its 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 return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $10.54 EPS. Vail Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. Analysts expect that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTN. Mizuho set a $174.00 price objective on shares of Vail Resorts in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Stifel Nicolaus dropped their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Morgan Stanley cut their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vail Resorts has an average rating of “Hold” and an average target price of $151.45.

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.