GFG Capital LLC Invests $216,000 in Vail Resorts, Inc. (NYSE:MTN)

GFG Capital LLC bought a new position in Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,200 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Vail Resorts during the fourth quarter worth $85,704,000. APG Asset Management US Inc. purchased a new stake in shares of Vail Resorts during the fourth quarter worth $37,684,000. AMF Tjanstepension AB purchased a new stake in shares of Vail Resorts during the first quarter worth $14,669,000. Junto Capital Management LP purchased a new stake in shares of Vail Resorts during the fourth quarter worth $14,011,000. Finally, Heartland Advisors Inc. raised its holdings in Vail Resorts by 428.4% during the fourth quarter. Heartland Advisors Inc. now owns 75,525 shares of the company’s stock valued at $16,122,000 after buying an additional 61,232 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Performance

Shares of Vail Resorts stock traded down $2.47 during trading on Tuesday, reaching $176.10. The company’s stock had a trading volume of 267,439 shares, compared to its average volume of 530,109. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The business’s fifty day moving average price is $177.30 and its 200-day moving average price is $200.21. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 2.10 and a beta of 1.14. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $254.78.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. As a group, equities research analysts predict that Vail Resorts, Inc. will post 6.48 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 120.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MTN shares. Stifel Nicolaus cut their target price on Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Mizuho cut their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Barclays cut their target price on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. Finally, Morgan Stanley cut their target price on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $221.50.

Insider Buying and Selling

In other news, CFO Angela A. Korch bought 575 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $176.20 per share, with a total value of $101,315.00. Following the completion of the transaction, the chief financial officer now directly owns 1,171 shares in the company, valued at $206,330.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.