Landscape Capital Management L.L.C. Buys Shares of 23,474 Vail Resorts, Inc. $MTN

Landscape Capital Management L.L.C. bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,474 shares of the company’s stock, valued at approximately $3,196,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Vail Resorts during the second quarter worth $464,712,000. HighTower Advisors LLC increased its stake in Vail Resorts by 15,313.2% in the 4th quarter. HighTower Advisors LLC now owns 450,066 shares of the company’s stock valued at $59,769,000 after buying an additional 447,146 shares during the period. Bank of New York Mellon Corp acquired a new position in Vail Resorts in the 2nd quarter valued at $49,749,000. Norges Bank purchased a new position in Vail Resorts during the 4th quarter worth $41,106,000. Finally, The Manufacturers Life Insurance Company raised its position in Vail Resorts by 26.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock worth $125,334,000 after buying an additional 201,750 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MTN. JPMorgan Chase & Co. raised their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a research note on Tuesday, July 7th. Barclays cut their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a report on Tuesday, June 9th. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $149.83.

Vail Resorts Stock Up 1.8%

Shares of NYSE MTN opened at $152.93 on Friday. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 9.91 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The firm has a 50-day moving average price of $145.64 and a 200 day moving average price of $136.73. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $165.50.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $10.54 earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a $2.22 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 annualized dividend and a yield of 5.8%. Vail Resorts’s dividend payout ratio is 201.82%.

Vail Resorts Company Profile

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.