Capital Fund Management S.A. Acquires Shares of 13,971 Vail Resorts, Inc. $MTN

Key Points

• Capital Fund Management S.A. has acquired a new stake in Vail Resorts, Inc., purchasing 13,971 shares valued at approximately $2,236,000.
• Several large investors, including Point72 Asset Management and First Pacific Advisors LP, have significantly increased their stakes in Vail Resorts during the last quarter.
• Vail Resorts recently announced a quarterly dividend of $2.22 per share, reflecting an annualized dividend yield of 5.5% and a high payout ratio of 113.55%.

Capital Fund Management S.A. bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 13,971 shares of the company's stock, valued at approximately $2,236,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of Vail Resorts in the 4th quarter worth about $33,000. SouthState Corp acquired a new position in Vail Resorts in the 1st quarter valued at about $29,000. Golden State Wealth Management LLC raised its stake in Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Vail Resorts in the 1st quarter valued at about $40,000. Finally, GAMMA Investing LLC raised its stake in Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after purchasing an additional 116 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price for the company in a research note on Wednesday, May 28th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. UBS Group cut their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Mizuho boosted their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, Bank of America boosted their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Vail Resorts currently 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 bought 200 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company's stock.

Vail Resorts Trading Down 0.5%

MTN traded down $0.87 on Friday, reaching $163.15. 130,911 shares of the company's stock were exchanged, compared to its average volume of 660,920. The company's 50 day moving average is $157.79 and its 200-day moving average is $154.03. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.01 and a beta of 0.90. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month 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.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. The firm had revenue of $1.30 billion during 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 company's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.54 EPS. Equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio 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.