Waratah Capital Advisors Ltd. Boosts Stock Position in Vail Resorts, Inc. $MTN

Waratah Capital Advisors Ltd. grew its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 60.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,666 shares of the company’s stock after purchasing an additional 65,225 shares during the quarter. Vail Resorts makes up about 0.7% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 13th largest position. Waratah Capital Advisors Ltd.’s holdings in Vail Resorts were worth $27,288,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new position in Vail Resorts during the second quarter valued at approximately $2,009,000. Kingsview Wealth Management LLC purchased a new stake in shares of Vail Resorts in the 2nd quarter valued at $3,215,000. Creative Planning grew its holdings in shares of Vail Resorts by 42.2% during the 2nd quarter. Creative Planning now owns 3,588 shares of the company’s stock valued at $564,000 after purchasing an additional 1,064 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Vail Resorts by 7.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,593 shares of the company’s stock worth $1,507,000 after purchasing an additional 644 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its position in Vail Resorts by 1.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,728 shares of the company’s stock worth $2,157,000 after purchasing an additional 152 shares during the period. Institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

MTN has been the subject of several analyst reports. Barclays cut their price target on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research report on Tuesday, September 30th. Truist Financial reduced their price target on Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Morgan Stanley boosted their price objective on Vail Resorts from $146.00 to $153.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Bank of America dropped their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Finally, Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Three investment 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. Based on data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $175.60.

Vail Resorts Stock Down 1.0%

Shares of Vail Resorts stock opened at $146.12 on Friday. The company’s fifty day simple moving average is $149.48 and its two-hundred day simple moving average is $153.15. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The company has a market cap of $5.24 billion, a P/E ratio of 19.72, a PEG ratio of 2.50 and a beta of 0.90.

Vail Resorts (NYSE:MTN) last announced its 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). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The company had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. During the same period in the previous year, the firm posted ($4.67) EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 9th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Thursday, October 9th. Vail Resorts’s dividend payout ratio is presently 119.84%.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch acquired 210 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was acquired at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

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.