Capstone Asset Management Co. Acquires 5,523 Shares of Vail Resorts, Inc. (NYSE:MTN)

Capstone Asset Management Co. raised its stake in Vail Resorts, Inc. (NYSE:MTN) by 375.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,994 shares of the company’s stock after buying an additional 5,523 shares during the period. Capstone Asset Management Co.’s holdings in Vail Resorts were worth $1,419,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Corundum Group Inc. increased its stake in Vail Resorts by 1.2% in the first quarter. Corundum Group Inc. now owns 1,588 shares of the company’s stock valued at $305,000 after buying an additional 19 shares in the last quarter. Concert Wealth Management Inc. increased its stake in Vail Resorts by 1.1% in the first quarter. Concert Wealth Management Inc. now owns 1,817 shares of the company’s stock valued at $290,000 after buying an additional 20 shares in the last quarter. Paloma Partners Management Co increased its stake in Vail Resorts by 0.8% in the first quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock valued at $542,000 after buying an additional 23 shares in the last quarter. Keybank National Association OH increased its stake in Vail Resorts by 0.6% in the first quarter. Keybank National Association OH now owns 5,474 shares of the company’s stock valued at $1,050,000 after buying an additional 34 shares in the last quarter. Finally, Pier Capital LLC increased its stake in Vail Resorts by 1.3% in the first quarter. Pier Capital LLC now owns 3,331 shares of the company’s stock valued at $639,000 after buying an additional 43 shares in the last quarter. 97.95% of the stock is owned by institutional investors.

Shares of Vail Resorts, Inc. (MTN) opened at 213.68 on Monday. The firm has a 50-day moving average of $206.58 and a 200-day moving average of $193.74. Vail Resorts, Inc. has a one year low of $143.59 and a one year high of $215.82. The company has a market capitalization of $8.56 billion, a P/E ratio of 41.59 and a beta of 0.55.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, June 8th. The company reported $4.40 EPS for the quarter, missing the Zacks’ consensus estimate of $4.86 by $0.46. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The company had revenue of $794.60 million for the quarter, compared to the consensus estimate of $802.59 million. During the same period last year, the firm earned $4.23 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. Equities research analysts expect that Vail Resorts, Inc. will post $4.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Wednesday, June 28th were given a dividend of $1.053 per share. The ex-dividend date was Monday, June 26th. This represents a $4.21 dividend on an annualized basis and a yield of 1.97%. Vail Resorts’s dividend payout ratio (DPR) is 92.94%.

Several research firms have commented on MTN. Bank of America Corporation reissued a “buy” rating and issued a $228.00 target price (up from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. Wells Fargo & Company reissued an “outperform” rating and issued a $233.00 target price (up from $207.50) on shares of Vail Resorts in a research report on Sunday, June 11th. Barclays PLC reissued an “overweight” rating and issued a $226.00 target price on shares of Vail Resorts in a research report on Sunday, June 11th. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a report on Tuesday, April 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $229.00 price objective (up from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Vail Resorts currently has an average rating of “Buy” and an average target price of $211.11.

About Vail Resorts

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.