Bayforest Capital Ltd Acquires New Holdings in Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Bayforest Capital Ltd has acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) for approximately $404,000, purchasing 2,525 shares in the first quarter.
• Vail Resorts recently reported a quarterly earnings per share (EPS) of $10.54, surpassing the consensus estimate of $10.00, with a revenue of $1.30 billion.
• The company declared a quarterly dividend of $2.22, representing an annualized yield of 5.80%, with a dividend payout ratio of 113.55%.

Bayforest Capital Ltd acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,525 shares of the company's stock, valued at approximately $404,000.

A number of other large investors have also recently bought and sold shares of the company. XTX Topco Ltd grew its stake in Vail Resorts by 176.1% during the first quarter. XTX Topco Ltd now owns 7,404 shares of the company's stock worth $1,185,000 after buying an additional 4,722 shares in the last quarter. GSA Capital Partners LLP grew its stake in Vail Resorts by 123.8% during the first quarter. GSA Capital Partners LLP now owns 9,087 shares of the company's stock worth $1,454,000 after buying an additional 5,027 shares in the last quarter. LPL Financial LLC grew its stake in Vail Resorts by 11.1% during the first quarter. LPL Financial LLC now owns 20,559 shares of the company's stock worth $3,290,000 after buying an additional 2,049 shares in the last quarter. Accretive Wealth Partners LLC grew its stake in Vail Resorts by 18.8% during the first quarter. Accretive Wealth Partners LLC now owns 6,287 shares of the company's stock worth $1,006,000 after buying an additional 993 shares in the last quarter. Finally, Heartland Advisors Inc. grew its stake in Vail Resorts by 27.1% during the first quarter. Heartland Advisors Inc. now owns 70,073 shares of the company's stock worth $11,213,000 after buying an additional 14,941 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on MTN. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a research note on Wednesday, May 28th. Bank of America increased their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Mizuho increased their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, Truist Financial reduced their price target on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vail Resorts has a consensus rating of "Hold" and an average target price of $187.20.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Price Performance

Shares of MTN traded down $1.48 during mid-day trading on Friday, reaching $148.78. The company had a trading volume of 570,651 shares, compared to its average volume of 601,012. The company's 50 day simple moving average is $158.06 and its 200 day simple moving average is $156.30. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.85 and a beta of 0.90.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $9.54 EPS. Analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is 113.55%.

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.