Fox Run Management L.L.C. Makes New Investment in Vail Resorts, Inc. $MTN

Key Points

• Fox Run Management L.L.C. has acquired 2,215 shares of Vail Resorts, valued at approximately $354,000, as reported in their recent 13F filing with the SEC.
• During the same period, several institutional investors, including Sterling Capital Management and the State of Michigan Retirement System, have also increased their stakes in Vail Resorts, highlighting strong institutional interest in the company.
• Vail Resorts recently reported earnings of $10.54 per share, exceeding expectations, with a dividend declared at $2.22 per share, reflecting a yield of 5.7%.

Fox Run Management L.L.C. bought a new position in Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,215 shares of the company's stock, valued at approximately $354,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTN. SouthState Corp acquired a new stake in Vail Resorts during the first quarter worth about $29,000. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC grew its holdings in shares of Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after purchasing an additional 123 shares during the period. Alpine Bank Wealth Management acquired a new stake in Vail Resorts during the 1st quarter worth approximately $40,000. Finally, GAMMA Investing LLC increased its position in Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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 report on Friday, June 6th. Deutsche Bank Aktiengesellschaft cut their target price 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. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Bank of America increased their price target on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $187.20.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the firm's stock in a transaction 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 completion of the acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Vail Resorts Stock Down 1.3%

Shares of MTN traded down $2.0410 during midday trading on Monday, hitting $160.9390. The company had a trading volume of 544,060 shares, compared to its average volume of 487,263. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 2.01 and a beta of 0.90. The company's 50 day moving average price is $157.37 and its 200 day moving average price is $153.94. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm earned $9.54 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts predict 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 Wednesday, July 9th. Investors of record on Tuesday, June 24th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio is currently 113.55%.

Vail Resorts Company 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.