Quantbot Technologies LP Takes Position in Vail Resorts, Inc. $MTN

Quantbot Technologies LP purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,744 shares of the company’s stock, valued at approximately $1,054,000.

Other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Vail Resorts by 26.0% in the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock worth $125,334,000 after buying an additional 201,750 shares during the period. Oasis Management Co Ltd. raised its holdings in shares of Vail Resorts by 8.3% during the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after acquiring an additional 141,500 shares during the period. Peregrine Capital Management LLC acquired a new stake in shares of Vail Resorts during the first quarter valued at approximately $4,605,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vail Resorts by 945.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,963 shares of the company’s stock valued at $2,784,000 after acquiring an additional 18,957 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Vail Resorts by 15,313.2% in the 4th quarter. HighTower Advisors LLC now owns 450,066 shares of the company’s stock valued at $59,769,000 after acquiring an additional 447,146 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MTN shares. JPMorgan Chase & Co. lifted their price objective on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Stifel Nicolaus decreased their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Truist Financial decreased their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $149.83.

Vail Resorts Stock Performance

Shares of MTN opened at $148.07 on Wednesday. The company has a market capitalization of $5.28 billion, a PE ratio of 33.65, a PEG ratio of 9.90 and a beta of 0.70. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The company’s 50 day moving average price is $146.18 and its 200 day moving average price is $137.01. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $165.50.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $10.54 EPS. Research analysts expect that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $2.22 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.0%. Vail Resorts’s dividend payout ratio is 201.82%.

Vail Resorts Company Profile

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.