Vail Resorts, Inc. (NYSE:MTN) Shares Acquired by Fred Alger Management LLC

Fred Alger Management LLC increased its position in Vail Resorts, Inc. (NYSE:MTN) by 6.0% during the second quarter, Holdings Channel reports. The fund owned 11,117 shares of the company’s stock after purchasing an additional 633 shares during the quarter. Fred Alger Management LLC’s holdings in Vail Resorts were worth $2,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its stake in Vail Resorts by 11.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,631 shares of the company’s stock valued at $2,483,000 after buying an additional 1,176 shares during the period. Hsbc Holdings PLC increased its stake in Vail Resorts by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 42,151 shares of the company’s stock valued at $9,000,000 after buying an additional 1,467 shares during the period. TD Asset Management Inc increased its stake in Vail Resorts by 16.9% during the 4th quarter. TD Asset Management Inc now owns 21,413 shares of the company’s stock valued at $4,571,000 after buying an additional 3,096 shares during the period. Bank of Nova Scotia increased its stake in Vail Resorts by 93.1% during the 4th quarter. Bank of Nova Scotia now owns 1,840 shares of the company’s stock valued at $393,000 after buying an additional 887 shares during the period. Finally, Condor Capital Management increased its stake in Vail Resorts by 2.7% during the 4th quarter. Condor Capital Management now owns 11,040 shares of the company’s stock valued at $2,357,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN opened at $180.65 on Friday. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $242.47. The company has a 50-day moving average of $179.54 and a two-hundred day moving average of $191.96. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.56 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The firm had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same quarter in the previous year, the business earned ($3.35) earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Vail Resorts, Inc. will post 6.44 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s dividend payout ratio is currently 120.82%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Morgan Stanley raised their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Finally, Barclays reduced their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $211.75.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.