Argonautica Private Wealth Management Inc. Boosts Stake in Vail Resorts, Inc. (NYSE:MTN)

Argonautica Private Wealth Management Inc. increased its position in Vail Resorts, Inc. (NYSE:MTN) by 6.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,478 shares of the company’s stock after purchasing an additional 96 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Vail Resorts were worth $277,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MTN. Capital Performance Advisors LLP purchased a new position in Vail Resorts during the third quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts in the 4th quarter worth about $33,000. Blue Trust Inc. lifted its position in Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after acquiring an additional 148 shares during the period. Eagle Bay Advisors LLC bought a new stake in Vail Resorts during the fourth quarter worth about $40,000. Finally, Venturi Wealth Management LLC grew its holdings in Vail Resorts by 165.3% in the third quarter. Venturi Wealth Management LLC now owns 321 shares of the company’s stock worth $56,000 after purchasing an additional 200 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday, December 10th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their price objective on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Finally, UBS Group started coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $204.50.

Vail Resorts Stock Performance

Shares of NYSE:MTN opened at $156.55 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 12 month low of $156.15 and a 12 month high of $235.81. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 1.93 and a beta of 1.11. The firm’s 50-day moving average is $174.53 and its 200 day moving average is $177.20.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. During the same quarter in the prior year, the firm posted ($4.60) earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.67%. Vail Resorts’s dividend payout ratio (DPR) is 147.51%.

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.