Jump Financial LLC Takes Position in Vail Resorts, Inc. $MTN

Key Points

• Jump Financial LLC invested approximately $5.54 million into Vail Resorts, acquiring 34,642 shares during the first quarter.
• Vail Resorts reported an earnings per share (EPS) of $10.54 for the recent quarter, exceeding analyst expectations by $0.54.
• The company recently announced a dividend of $2.22 per share, which results in an annualized dividend yield of 5.5%.

Jump Financial LLC acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,642 shares of the company's stock, valued at approximately $5,543,000. Jump Financial LLC owned about 0.09% of Vail Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTN. SouthState Corp acquired a new position in shares of Vail Resorts in the 1st quarter valued at $29,000. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts in the 4th quarter valued at $33,000. Golden State Wealth Management LLC lifted its stake in shares of 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 shares of Vail Resorts in the 1st quarter valued at $40,000. Finally, GAMMA Investing LLC lifted its stake in shares of 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. Institutional investors and hedge funds own 94.90% of the company's stock.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer owned 3,156 shares in the company, valued at $495,492. The trade was a 6.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MTN has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. UBS Group decreased their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Finally, Bank of America increased their target price on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Three 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's stock. According to MarketBeat, Vail Resorts has a consensus rating of "Hold" and an average price target of $187.20.

Vail Resorts Stock Down 0.1%

NYSE MTN traded down $0.13 during trading hours on Friday, hitting $163.89. 165,885 shares of the company were exchanged, compared to its average volume of 661,078. The company has a 50 day moving average of $157.79 and a two-hundred day moving average of $154.03. 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. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 20.96, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned $9.54 EPS. Vail Resorts's revenue was up 1.0% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.4%. Vail Resorts's dividend payout ratio is 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.