Kazazian Asset Management LLC Increases Stock Position in Vail Resorts, Inc. $MTN

Kazazian Asset Management LLC boosted its stake in Vail Resorts, Inc. (NYSE:MTN) by 46.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,670 shares of the company’s stock after purchasing an additional 4,005 shares during the quarter. Vail Resorts comprises approximately 1.8% of Kazazian Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Kazazian Asset Management LLC’s holdings in Vail Resorts were worth $1,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BOKF NA raised its stake in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Danske Bank A S purchased a new position in shares of Vail Resorts during the third quarter worth approximately $30,000. International Assets Investment Management LLC purchased a new position in shares of Vail Resorts during the fourth quarter worth approximately $43,000. Finally, Employees Retirement System of Texas purchased a new position in shares of Vail Resorts during the third quarter worth approximately $46,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on MTN shares. UBS Group decreased their price target on shares of Vail Resorts from $169.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Wells Fargo & Company started coverage on shares of Vail Resorts in a research note on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vail Resorts from $172.00 to $156.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 10th. Morgan Stanley decreased their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $161.82.

Insider Buying and Selling at Vail Resorts

In related news, CEO Robert A. Katz purchased 37,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the acquisition, the chief executive officer directly owned 285,312 shares in the company, valued at approximately $37,606,974.72. The trade was a 15.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Angela A. Korch purchased 190 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the acquisition, the chief financial officer owned 5,539 shares of the company’s stock, valued at $730,317.15. This represents a 3.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is owned by insiders.

Vail Resorts Stock Up 0.2%

Shares of NYSE MTN opened at $127.81 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $175.51. The firm’s fifty day moving average is $128.21 and its 200 day moving average is $136.26. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 10.78 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm earned $6.56 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts expect that Vail Resorts, Inc. will post 4.79 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, March 26th. Vail Resorts’s payout ratio is presently 144.86%.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.