Empowered Funds LLC Makes New Investment in Vail Resorts, Inc. $MTN

Key Points

• Empowered Funds LLC acquired 44,401 Vail Resorts shares worth approximately $6.05 million, representing about 0.12% of the company. Institutional investors collectively own 94.9% of MTN.
• Analysts maintain a generally cautious view, with five Buy, seven Hold and three Sell ratings. The consensus rating is Hold, with an average price target of $149.83.
• Vail Resorts reported quarterly EPS of $8.81, below the $8.97 consensus, while revenue reached $1.21 billion and declined 7% year over year. The company paid a $2.22 quarterly dividend, equal to an annualized $8.88 and a 6.2% yield.

Empowered Funds LLC acquired a new position in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,401 shares of the company's stock, valued at approximately $6,045,000. Empowered Funds LLC owned approximately 0.12% of Vail Resorts as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BOKF NA boosted its position in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company's stock worth $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Golden State Wealth Management LLC raised its position in Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares during the period. Danske Bank A S purchased a new position in Vail Resorts in the third quarter valued at about $30,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company's stock worth $31,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

MTN has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Vail Resorts from $124.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $143.00 to $134.00 and set a "hold" rating on the stock in a report on Tuesday, June 9th. Zacks Research raised Vail Resorts from a "strong sell" rating to a "hold" rating in a research report on Monday, August 3rd. Mizuho set a $174.00 price target on Vail Resorts in a report on Tuesday, June 9th. Finally, The Goldman Sachs Group initiated coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They issued a "sell" rating and a $132.00 price objective for the company. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $149.83.

Vail Resorts Stock Performance

NYSE:MTN opened at $142.35 on Monday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The firm has a 50-day moving average of $146.51 and a two-hundred day moving average of $137.14. The stock has a market cap of $5.07 billion, a P/E ratio of 32.35, a PEG ratio of 9.36 and a beta of 0.70. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $165.50.

Vail Resorts (NYSE:MTN - Get Free Report) last announced 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). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the previous year, the firm posted $10.54 earnings per share. The firm's revenue was down 7.0% compared to the same quarter last year. On average, research analysts expect that Vail Resorts, Inc. will post 4.32 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Thursday, June 25th. Vail Resorts's dividend payout ratio (DPR) is 201.82%.

About Vail Resorts

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.

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