Junto Capital Management LP Takes $14.01 Million Position in Vail Resorts, Inc. (NYSE:MTN)

Junto Capital Management LP purchased a new position in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 65,634 shares of the company’s stock, valued at approximately $14,011,000. Junto Capital Management LP owned 0.17% of Vail Resorts at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY grew its holdings in Vail Resorts by 1.1% in the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock valued at $1,047,590,000 after purchasing an additional 51,630 shares during the last quarter. Nordea Investment Management AB grew its stake in Vail Resorts by 2,451.9% in the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after acquiring an additional 400,941 shares during the last quarter. Norges Bank purchased a new position in Vail Resorts during the 4th quarter valued at about $85,704,000. Northern Trust Corp raised its position in Vail Resorts by 42.3% during the third quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock worth $83,225,000 after acquiring an additional 111,487 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Vail Resorts by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock valued at $55,347,000 after purchasing an additional 6,336 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTN has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $217.00 to $176.00 in a research note on Friday. Mizuho cut their price target on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday. Barclays reduced their price objective on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a research report on Friday. Stifel Nicolaus cut their target price on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research note on Friday. Finally, Morgan Stanley reduced their target price on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $221.50.

Vail Resorts Trading Up 3.6 %

Shares of MTN stock traded up $6.22 during trading hours on Monday, hitting $180.16. 1,286,225 shares of the company were exchanged, compared to its average volume of 571,245. The firm has a fifty day moving average of $204.24 and a 200 day moving average of $215.86. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. Vail Resorts, Inc. has a 1 year low of $165.14 and a 1 year high of $254.78. The firm has a market cap of $6.84 billion, a PE ratio of 24.51, a PEG ratio of 1.91 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its quarterly 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). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. Analysts expect that Vail Resorts, Inc. will post 7.54 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $8.88 annualized dividend and a yield of 4.93%. Vail Resorts’s dividend payout ratio is presently 120.82%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 575 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $176.20 per share, for a total transaction of $101,315.00. Following the acquisition, the chief financial officer now owns 1,171 shares of the company’s stock, valued at $206,330.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Angela A. Korch acquired 575 shares of the business’s stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $176.20 per share, for a total transaction of $101,315.00. Following the completion of the transaction, the chief financial officer now directly owns 1,171 shares of the company’s stock, valued at $206,330.20. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Vail Resorts Company Profile

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.