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

Other institutional investors and hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of Vail Resorts by 25.5% in the first quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock valued at $412,000 after purchasing an additional 523 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Vail Resorts by 27,955.2% in the first quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock valued at $6,914,000 after purchasing an additional 43,051 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Vail Resorts in the first quarter valued at about $20,315,000. Principal Financial Group Inc. lifted its holdings in shares of Vail Resorts by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after purchasing an additional 5,788 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Vail Resorts in the first quarter valued at about $876,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Insider Buying and Selling

In related news, CFO Angela A. Korch purchased 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 completion of the transaction, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This trade represents a 6.77% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Vail Resorts Trading Up 3.6%

MTN stock traded up $5.5780 on Friday, hitting $162.6880. 481,463 shares of the company were exchanged, compared to its average volume of 486,633. 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 current ratio of 0.61 and a quick ratio of 0.54. The business's fifty day moving average is $157.26 and its two-hundred day moving average is $154.10. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90.

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

Vail Resorts Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.5%. Vail Resorts's dividend payout ratio is 113.55%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MTN shares. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a report on Wednesday, May 28th. Mizuho upped their price objective 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. UBS Group reduced their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Truist Financial reduced their price objective 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. Finally, Bank of America upped their price objective 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 investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vail Resorts currently has an average rating of "Hold" and a consensus price target of $187.20.

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.