Horan Capital Management Invests $1.18 Million in Vail Resorts, Inc. (MTN) Stock
Horan Capital Management bought a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 1st quarter, Holdings Channel reports. The institutional investor bought 5,412 shares of the company’s stock, valued at approximately $1,176,000.
A number of other hedge funds have also recently made changes to their positions in MTN. Highwater Wealth Management LLC acquired a new position in shares of Vail Resorts during the 4th quarter valued at about $32,000. Exane Derivatives increased its stake in shares of Vail Resorts by 3,080.0% during the 4th quarter. Exane Derivatives now owns 159 shares of the company’s stock valued at $34,000 after acquiring an additional 154 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of Vail Resorts by 700.0% during the 4th quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock valued at $42,000 after acquiring an additional 175 shares during the last quarter. Oakworth Capital Inc. increased its stake in shares of Vail Resorts by 100.0% during the 4th quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. Finally, Quattro Financial Advisors LLC acquired a new position in shares of Vail Resorts during the 4th quarter valued at about $55,000. 99.20% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on MTN shares. Stifel Nicolaus upped their price objective on shares of Vail Resorts from $215.00 to $219.00 and gave the company a “hold” rating in a research note on Monday, March 11th. Bank of America downgraded shares of Vail Resorts from a “buy” rating to a “neutral” rating in a research note on Friday, January 11th. Deutsche Bank dropped their price objective on shares of Vail Resorts from $294.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 14th. Zacks Investment Research cut Vail Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Finally, KeyCorp boosted their target price on Vail Resorts from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $266.45.
Shares of NYSE:MTN traded up $0.66 during trading on Monday, reaching $217.75. 279,229 shares of the stock were exchanged, compared to its average volume of 467,197. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.41 and a current ratio of 0.55. Vail Resorts, Inc. has a 12-month low of $179.60 and a 12-month high of $302.76. The stock has a market capitalization of $8.73 billion, a P/E ratio of 34.62 and a beta of 0.65.
Vail Resorts (NYSE:MTN) last issued its earnings results on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.79 by $0.23. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The business had revenue of $849.60 million during the quarter, compared to analysts’ expectations of $841.76 million. During the same quarter in the previous year, the business earned $4.12 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts predict that Vail Resorts, Inc. will post 7.08 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Wednesday, March 27th were issued a dividend of $1.76 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from Vail Resorts’s previous quarterly dividend of $1.47. Vail Resorts’s payout ratio is presently 111.92%.
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Vail Resorts Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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