Vail Resorts, Inc. $MTN Stock Holdings Raised by Capital Fund Management S.A.

Capital Fund Management S.A. grew its stake in Vail Resorts, Inc. (NYSE:MTN) by 67.9% during the second quarter, HoldingsChannel.com reports. The firm owned 23,455 shares of the company’s stock after purchasing an additional 9,484 shares during the period. Capital Fund Management S.A.’s holdings in Vail Resorts were worth $3,685,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MTN. First Pacific Advisors LP raised its stake in Vail Resorts by 23.4% during the second quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock valued at $156,146,000 after buying an additional 188,151 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Vail Resorts by 9,378.0% in the 1st quarter. Hsbc Holdings PLC now owns 125,962 shares of the company’s stock valued at $20,018,000 after acquiring an additional 124,633 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of Vail Resorts by 355.2% in the 1st quarter. Trexquant Investment LP now owns 142,522 shares of the company’s stock valued at $22,806,000 after acquiring an additional 111,213 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Vail Resorts during the 1st quarter valued at approximately $16,587,000. Finally, Firetrail Investments PTY Ltd. bought a new position in Vail Resorts during the second quarter worth $13,863,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MTN shares. Mizuho dropped their target price on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective (down previously from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Morgan Stanley increased their price objective on shares of Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Truist Financial decreased their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Finally, Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $175.60.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch purchased 210 shares of the stock in a transaction dated Tuesday, October 7th. The shares were bought at an average cost of $155.00 per share, with a total value of $32,550.00. Following the completion of the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Vail Resorts Trading Down 0.0%

Vail Resorts stock opened at $138.72 on Wednesday. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.50 and a beta of 0.90. The firm has a 50-day moving average price of $147.44 and a two-hundred day moving average price of $152.75.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). The business had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted ($4.67) EPS. Sell-side analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Thursday, October 9th. Vail Resorts’s payout ratio is 119.84%.

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.