Vail Resorts, Inc. $MTN Shares Acquired by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 520.5% during the third quarter, HoldingsChannel reports. The fund owned 19,427 shares of the company’s stock after buying an additional 16,296 shares during the period. Levin Capital Strategies L.P.’s holdings in Vail Resorts were worth $2,906,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. GRS Advisors LLC purchased a new position in shares of Vail Resorts in the 2nd quarter valued at about $71,753,000. Norges Bank acquired a new stake in shares of Vail Resorts during the 2nd quarter valued at approximately $51,685,000. Bamco Inc. NY boosted its stake in shares of Vail Resorts by 3.6% during the 2nd quarter. Bamco Inc. NY now owns 5,475,549 shares of the company’s stock worth $860,373,000 after acquiring an additional 191,327 shares in the last quarter. First Pacific Advisors LP grew its holdings in shares of Vail Resorts by 23.4% in the 2nd quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock worth $156,146,000 after acquiring an additional 188,151 shares during the period. Finally, Aperture Investors LLC purchased a new position in Vail Resorts in the 2nd quarter valued at approximately $22,886,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Shares of MTN opened at $142.16 on Thursday. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 8.36 and a beta of 0.81. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.46 and a current ratio of 0.54. Vail Resorts, Inc. has a 1 year low of $126.15 and a 1 year high of $175.51. The company’s 50 day simple moving average is $140.30 and its 200 day simple moving average is $146.26.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.23) by $0.03. The company had revenue of $271.03 million for the quarter, compared to analyst estimates of $273.35 million. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($4.61) EPS. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.2%. Vail Resorts’s dividend payout ratio is currently 130.21%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $156.00 price objective on shares of Vail Resorts in a research note on Wednesday, January 14th. Barclays set a $140.00 target price on shares of Vail Resorts in a research report on Wednesday, February 4th. Morgan Stanley set a $150.00 price target on shares of Vail Resorts in a research report on Friday, January 16th. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $173.27.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.