First Commonwealth Financial Corp PA Takes Position in Vail Resorts, Inc. (NYSE:MTN)

First Commonwealth Financial Corp PA acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,475 shares of the company’s stock, valued at approximately $329,000.

Other hedge funds have also recently made changes to their positions in the company. Park Place Capital Corp grew its holdings in shares of Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after buying an additional 101 shares during the last quarter. Quarry LP acquired a new position in shares of Vail Resorts during the fourth quarter valued at about $35,000. Desjardins Global Asset Management Inc. boosted its holdings in Vail Resorts by 70.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after purchasing an additional 69 shares during the last quarter. GAMMA Investing LLC purchased a new position in Vail Resorts during the fourth quarter worth about $45,000. Finally, Quadrant Capital Group LLC boosted its holdings in Vail Resorts by 31.1% during the fourth quarter. Quadrant Capital Group LLC now owns 358 shares of the company’s stock worth $76,000 after purchasing an additional 85 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

MTN traded up $3.72 during midday trading on Friday, reaching $184.66. The company had a trading volume of 393,036 shares, compared to its average volume of 555,521. 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 market cap of $6.95 billion, a PE ratio of 25.11, a P/E/G ratio of 2.81 and a beta of 1.14. Vail Resorts, Inc. has a 12-month low of $165.14 and a 12-month high of $254.78. The business has a 50-day moving average price of $182.80 and a two-hundred day moving average price of $206.00.

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

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 120.82%.

Insider Buying and Selling

In other news, CFO Angela A. Korch bought 575 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $176.20 per share, with a total value of $101,315.00. Following the acquisition, the chief financial officer now owns 1,171 shares of the company’s stock, valued at approximately $206,330.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on MTN. Mizuho cut their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday, June 7th. JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Barclays cut their price target on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a report on Friday, June 7th. Stifel Nicolaus cut their price target on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, Morgan Stanley cut their price target on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $221.50.

Vail Resorts 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.