AE Wealth Management LLC makes new investment in Vail Resorts, Inc. (NYSE:MTN)


AE Wealth Management LLC has acquired a new stake in Vail Resorts, Inc. (NYSE: MTNGet a rating) in the 1st trimester, HoldingsChannel.com reports. The company purchased 2,513 shares of the company, valued at approximately $654,000.

Several other institutional investors and hedge funds have also recently changed their holdings in the company. Accretive Wealth Partners LLC increased its stake in shares of Vail Resorts by 1.0% in the 4th quarter. Accretive Wealth Partners LLC now owns 4,226 shares of the company valued at $1,386,000 after purchasing 40 additional shares during the period. Westpac Banking Corp increased its stake in shares of Vail Resorts by 1.3% in the fourth quarter. Westpac Banking Corp now owns 3,307 shares of the company valued at $1,084,000 after purchasing 41 additional shares during the period. Gilbert & Cook Inc. increased its stake in shares of Vail Resorts by 5.3% in the 4th quarter. Gilbert & Cook Inc. now owns 913 shares of the company valued at $299,000 after purchasing an additional 46 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Vail Resorts by 5.5% in Q1. AdvisorNet Financial Inc now owns 965 shares of the company valued at $251,000 after purchasing an additional 50 shares during the period. Finally, Condor Capital Management increased its stake in the shares of Vail Resorts by 1.3% in the 4th quarter. Condor Capital Management now owns 3,946 shares of the company valued at $1,294,000 after purchasing 52 additional shares during the period.

Vail Resorts Inventory opened at $216.12 on Friday. Vail Resorts, Inc. has a 52 week minimum of $213.60 and a 52 week maximum of $376.24. The company’s 50-day moving average price is $237.23 and its two-hundred-day moving average price is $260.99. The company has a quick ratio of 2.11, a current ratio of 2.22 and a debt ratio of 1.30. The stock has a market capitalization of $8.70 billion, a P/E ratio of 28.07 and a beta of 1.21.

Vail Resorts (NYSE: MTNGet a rating) last reported results on Thursday, June 9. The company reported EPS of $9.16 for the quarter, beating the consensus estimate of $9.06 by $0.10. Vail Resorts achieved a net margin of 12.82% and a return on equity of 17.18%. The company posted revenue of $1.18 billion for the quarter, compared with $1.16 billion for analysts. In the same quarter last year, the company achieved EPS of $6.71. The company’s quarterly revenue increased by 32.3% compared to the same quarter last year. On average, stock analysts expect Vail Resorts, Inc. to post an EPS of 8.4 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 12. Investors of record on Monday, June 27 will receive a dividend of $1.91. The ex-dividend date is Friday, June 24. This represents a dividend of $7.64 on an annualized basis and a dividend yield of 3.54%. Vail Resorts’ dividend payout ratio (DPR) is currently 99.22%.

Several brokerages have recently commented on MTN. Barclays assumed cover for Vail Resorts in a Tuesday, June 28 research note. They issued an “underweight” rating and a target price of $217.00 for the company. Credit Suisse Group raised its price target on Vail Resorts from $379.00 to $383.00 and gave the company an “outperform” rating in a Friday, June 10 research note. Stifel Nicolaus raised his price target on Vail Resorts from $262.00 to $274.00 and gave the company a “holding” rating in a Wednesday, March 23 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Vail Resorts from $302.00 to $301.00 in a Friday, June 10 research note. Finally, KeyCorp reduced its price target on Vail Resorts from $370.00 to $330.00 and set an “overweight” rating for the company in a Tuesday, March 15 research note. One research analyst rated the stock with a sell rating, six issued a hold rating and two assigned the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $300.00.

Vail Resort Profile (Get a rating)

Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Accommodation and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in ancillary businesses, including ski school, catering and retail/rental business, as well as real estate brokerage business.

Featured articles

Want to see which other hedge funds hold MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Vail Resorts, Inc. (NYSE: MTNGet a rating).

Institutional ownership by quarter for Vail Resorts (NYSE:MTN)



Receive daily news and reviews for Vail Resorts – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Vail Resorts and related companies with MarketBeat.com’s FREE daily newsletter.

About George Dailey

Check Also

NSW and Victoria weather forecast predicts rain, winds and flooding

Weather is expected to continue to get wetter for interior NSW and the alpine regions …