Azzad Asset Management Inc. ADV Has $2.05 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Azzad Asset Management Inc. ADV lifted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 15.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,218 shares of the company’s stock after buying an additional 1,253 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Vail Resorts were worth $2,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Nordea Investment Management AB boosted its position in shares of Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after buying an additional 400,941 shares during the period. Norges Bank acquired a new stake in shares of Vail Resorts in the fourth quarter worth $85,704,000. Dimensional Fund Advisors LP boosted its position 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 worth $55,347,000 after buying an additional 6,336 shares during the period. Legal & General Group Plc boosted its position in shares of Vail Resorts by 8.3% in the third quarter. Legal & General Group Plc now owns 253,269 shares of the company’s stock worth $56,198,000 after buying an additional 19,399 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Vail Resorts by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 232,804 shares of the company’s stock worth $49,697,000 after buying an additional 3,383 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MTN. Barclays cut their price objective on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th. JPMorgan Chase & Co. lowered Vail Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Mizuho cut their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Morgan Stanley cut their price objective on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, June 7th. Two investment 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $221.50.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch purchased 575 shares of the stock in a transaction dated Monday, June 10th. The shares were bought 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 owns 1,171 shares in the company, valued at approximately $206,330.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Price Performance

NYSE MTN opened at $172.42 on Thursday. Vail Resorts, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $254.78. The stock’s 50-day moving average is $188.96 and its two-hundred day moving average is $210.35. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. The firm has a market cap of $6.49 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 2.87 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing the consensus estimate of $9.94 by ($0.40). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.31 billion. On average, analysts anticipate that Vail Resorts, Inc. will post 6.48 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Tuesday, June 25th. Vail Resorts’s dividend payout ratio is currently 120.82%.

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.