Invenomic Capital Management LP Makes New Investment in Vail Resorts, Inc. $MTN

Key Points

• Invenomic Capital Management LP purchased 13,582 shares of Vail Resorts, Inc., valued at about $2.17 million, marking a new stake in the company.
• Vail Resorts reported earnings of $10.54 per share for the last quarter, surpassing the consensus estimate by $0.54, while revenue increased by 1% year-over-year.
• Several large investors have recently increased their stakes in Vail Resorts, with hedge funds and institutional investors currently owning 94.90% of the company's stock.

Invenomic Capital Management LP purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,582 shares of the company's stock, valued at approximately $2,173,000.

A number of other large investors also recently bought and sold shares of MTN. Point72 Asset Management L.P. raised its stake in Vail Resorts by 170.1% during the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after purchasing an additional 344,095 shares during the period. First Pacific Advisors LP boosted its position in Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock valued at $128,910,000 after buying an additional 283,299 shares during the last quarter. TPG GP A LLC grew its stake in shares of Vail Resorts by 19.9% during the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after acquiring an additional 172,082 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Vail Resorts during the first quarter valued at about $20,315,000. Finally, Hsbc Holdings PLC grew its stake in shares of Vail Resorts by 9,378.0% during the first quarter. Hsbc Holdings PLC now owns 125,962 shares of the company's stock valued at $20,018,000 after acquiring an additional 124,633 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Vail Resorts Stock Up 1.3%

MTN stock traded up $1.86 during trading hours on Thursday, hitting $146.34. The company's stock had a trading volume of 219,438 shares, compared to its average volume of 659,482. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $5.44 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The stock has a 50 day moving average price of $157.48 and a two-hundred day moving average price of $153.65.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the firm's stock in a transaction on Friday, June 20th. The stock was bought at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. The trade was a 6.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MTN. Bank of America raised their target price on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Mizuho boosted 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, UBS Group dropped their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $187.20.

About Vail Resorts

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.