Bryce Point Capital LLC Makes New Investment in Vail Resorts, Inc. $MTN

Bryce Point Capital LLC acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 5,990 shares of the company’s stock, valued at approximately $941,000. Vail Resorts comprises approximately 0.8% of Bryce Point Capital LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTN. SouthState Corp bought a new position in Vail Resorts in the first quarter valued at about $29,000. Farther Finance Advisors LLC raised its position in Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after buying an additional 169 shares during the last quarter. Signaturefd LLC raised its position in Vail Resorts by 217.6% in the 2nd quarter. Signaturefd LLC now owns 216 shares of the company’s stock valued at $34,000 after buying an additional 148 shares during the last quarter. Hantz Financial Services Inc. raised its position in Vail Resorts by 260.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 245 shares of the company’s stock valued at $38,000 after buying an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after purchasing an additional 116 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Bank of America dropped their target price on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Barclays dropped their price objective on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research report on Tuesday, September 30th. Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Finally, Truist Financial decreased their price target 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. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $175.60.

Insider Buying and Selling at Vail Resorts

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

Vail Resorts Stock Up 0.7%

MTN stock opened at $149.39 on Tuesday. 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 $5.36 billion, a PE ratio of 20.16, a P/E/G ratio of 2.50 and a beta of 0.86. The stock’s 50 day moving average is $152.12 and its 200-day moving average is $152.73. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45.

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

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 9th were given a $2.22 dividend. The ex-dividend date was Thursday, October 9th. This represents a $8.88 annualized dividend and a dividend yield of 5.9%. Vail Resorts’s payout ratio is 119.84%.

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.