AQR Capital Management LLC Has $31.77 Million Stake in Vail Resorts, Inc. (NYSE:MTN)

AQR Capital Management LLC increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 1,063.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,033 shares of the company’s stock after buying an additional 161,820 shares during the quarter. AQR Capital Management LLC owned about 0.47% of Vail Resorts worth $31,767,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its position in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares in the last quarter. Quarry LP acquired a new stake in Vail Resorts during the fourth quarter worth approximately $35,000. Brown Brothers Harriman & Co. grew its position in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares in the last quarter. Canton Hathaway LLC grew its position in Vail Resorts by 66.7% during the second quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Vail Resorts by 27.9% during the first quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock worth $57,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTN has been the topic of a number of analyst reports. Barclays reduced their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday. Stifel Nicolaus cut their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley upped their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Mizuho cut their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $217.00 to $176.00 in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $211.75.

Vail Resorts Stock Down 3.9 %

Shares of MTN opened at $180.61 on Monday. Vail Resorts, Inc. has a 52 week low of $165.14 and a 52 week high of $242.47. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.56 and a beta of 1.14. 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 stock has a fifty day moving average of $179.54 and a 200-day moving average of $191.51.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $264.84 million. During the same quarter in the previous year, the company posted ($3.35) earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Vail Resorts, Inc. will post 6.44 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

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

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.