Commerce Bank Takes $995,000 Position in Vail Resorts, Inc. $MTN

Commerce Bank bought a new position in Vail Resorts, Inc. (NYSE:MTN) in the second quarter, HoldingsChannel.com reports. The fund bought 7,307 shares of the company’s stock, valued at approximately $995,000.

Several other hedge funds and other institutional investors have also modified their holdings of MTN. BOKF NA boosted its stake in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the period. Danske Bank A S bought a new position in shares of Vail Resorts during the third quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MTN. JPMorgan Chase & Co. upped their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Stifel Nicolaus dropped their price objective on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Barclays dropped their price objective 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. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.83.

Vail Resorts Stock Up 0.4%

Shares of MTN opened at $148.50 on Thursday. The business’s fifty day moving average price is $146.55 and its two-hundred day moving average price is $137.10. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 9.75 and a beta of 0.70. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $165.50. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

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

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s payout ratio is currently 201.82%.

Vail Resorts 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.