LS Investment Advisors LLC Purchases New Position in Vail Resorts, Inc. (NYSE:MTN)

LS Investment Advisors LLC purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,081 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors have also modified their holdings of MTN. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Vail Resorts during the second quarter valued at approximately $162,000. Granite Investment Partners LLC bought a new stake in Vail Resorts during the first quarter valued at approximately $211,000. Vident Investment Advisory LLC bought a new stake in Vail Resorts during the first quarter valued at approximately $211,000. Creative Planning raised its stake in Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock valued at $228,000 after buying an additional 354 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in Vail Resorts during the first quarter valued at approximately $230,000. Institutional investors own 97.95% of the company’s stock.

Shares of Vail Resorts, Inc. (MTN) traded down 0.14% on Monday, hitting $213.39. The stock had a trading volume of 38,054 shares. The stock has a market cap of $8.55 billion, a P/E ratio of 41.53 and a beta of 0.55. Vail Resorts, Inc. has a 12 month low of $143.59 and a 12 month high of $215.82. The firm has a 50 day moving average of $206.58 and a 200 day moving average of $193.74.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.86 by $0.46. The company had revenue of $794.60 million during the quarter, compared to analyst estimates of $802.59 million. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.23 EPS. On average, equities analysts forecast that Vail Resorts, Inc. will post $4.86 earnings per share for the current fiscal year.

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

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Several research firms have commented on MTN. BidaskClub lowered Vail Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Bank of America Corporation restated a “buy” rating and issued a $228.00 price objective (up previously from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. Stifel Nicolaus restated a “buy” rating and issued a $229.00 price objective (up previously from $205.00) on shares of Vail Resorts in a research report on Sunday, June 11th. William Blair began coverage on Vail Resorts in a research report on Friday, July 21st. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $213.00 price objective on the stock in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vail Resorts has an average rating of “Buy” and a consensus price target of $211.11.

Vail Resorts Company Profile

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.

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