Everence Capital Management Inc. Acquires New Position in Vail Resorts, Inc. (NYSE:MTN)

Everence Capital Management Inc. bought a new position in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,850 shares of the company’s stock, valued at approximately $347,000.

Other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp lifted its holdings in shares of Vail Resorts by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock worth $3,683,000 after purchasing an additional 6,816 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Vail Resorts by 507.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock worth $2,050,000 after acquiring an additional 9,506 shares during the period. Geode Capital Management LLC lifted its position in Vail Resorts by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock valued at $113,252,000 after purchasing an additional 8,422 shares during the last quarter. AQR Capital Management LLC boosted its stake in Vail Resorts by 1,063.7% during the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock valued at $31,767,000 after purchasing an additional 161,820 shares during the period. Finally, River Road Asset Management LLC grew its position in Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock worth $59,487,000 after purchasing an additional 293,006 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Vail Resorts Price Performance

NYSE MTN opened at $178.62 on Tuesday. The stock has a market capitalization of $6.69 billion, a P/E ratio of 29.67, a P/E/G ratio of 2.22 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.71 and a current ratio of 0.63. The business’s fifty day moving average is $182.36 and its two-hundred day moving average is $179.06. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company posted ($4.60) EPS. On average, research analysts forecast that Vail Resorts, Inc. will post 7.49 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be given a $2.22 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 4.97%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho increased their price objective on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus raised their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Macquarie upped their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Finally, UBS Group initiated coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $205.50.

About Vail Resorts

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.