Evergreen Capital Management LLC Purchases Shares of 1,193 Vail Resorts, Inc. (NYSE:MTN)

Evergreen Capital Management LLC acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,193 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its holdings in Vail Resorts by 11.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,631 shares of the company’s stock valued at $2,483,000 after buying an additional 1,176 shares during the period. Hsbc Holdings PLC grew its holdings in Vail Resorts by 3.6% in the fourth quarter. Hsbc Holdings PLC now owns 42,151 shares of the company’s stock valued at $9,000,000 after purchasing an additional 1,467 shares during the period. TD Asset Management Inc grew its holdings in Vail Resorts by 16.9% in the fourth quarter. TD Asset Management Inc now owns 21,413 shares of the company’s stock valued at $4,571,000 after purchasing an additional 3,096 shares during the period. Bank of Nova Scotia increased its position in Vail Resorts by 93.1% during the fourth quarter. Bank of Nova Scotia now owns 1,840 shares of the company’s stock worth $393,000 after purchasing an additional 887 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in Vail Resorts by 2.3% during the fourth quarter. Rathbones Group PLC now owns 8,552 shares of the company’s stock worth $1,826,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Down 3.9 %

NYSE MTN opened at $180.61 on Friday. 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 fifty-two week low of $165.14 and a fifty-two week high of $242.47. The business has a 50 day moving average price of $179.54 and a two-hundred day moving average price of $191.72. The stock has a market cap of $6.79 billion, a PE ratio of 24.57, a P/E/G ratio of 2.56 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The firm had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter last year, the company posted ($3.35) earnings per share. Vail Resorts’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 6.44 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s payout ratio is 120.82%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTN. StockNews.com downgraded Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus dropped their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Barclays dropped their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Mizuho reduced their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $211.75.

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.