Kazazian Asset Management LLC Purchases New Stake in Vail Resorts, Inc. $MTN

Kazazian Asset Management LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,665 shares of the company’s stock, valued at approximately $1,296,000. Vail Resorts comprises about 1.6% of Kazazian Asset Management LLC’s portfolio, making the stock its 15th largest holding.

A number of other institutional investors also recently modified their holdings of MTN. NBT Bank N A NY raised its position in Vail Resorts by 450.0% during the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 valued at $27,000 after buying an additional 155 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after acquiring an additional 124 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Vail Resorts by 222.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after purchasing an additional 147 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Vail Resorts in the second quarter worth about $33,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 0.2%

NYSE MTN opened at $142.90 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52. The stock’s 50 day moving average is $139.68 and its 200 day moving average is $146.18. Vail Resorts, Inc. has a 12 month low of $126.15 and a 12 month high of $175.51. The stock has a market cap of $5.11 billion, a PE ratio of 20.95, a P/E/G ratio of 8.67 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.23) by $0.03. The company had revenue of $271.03 million for the quarter, compared to the consensus estimate of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. Vail Resorts’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($4.61) EPS. Research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Tuesday, December 30th. Vail Resorts’s dividend payout ratio is currently 130.21%.

Analyst Ratings Changes

A number of research firms have issued reports on MTN. JPMorgan Chase & Co. raised their price objective on Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Wall Street Zen cut Vail Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Barclays set a $140.00 target price on shares of Vail Resorts in a research note on Wednesday, February 4th. Morgan Stanley set a $150.00 price target on Vail Resorts in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Vail Resorts in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $173.27.

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.