Landscape Capital Management L.L.C. Makes New Investment in Vail Resorts, Inc. $MTN

Key Points

• Landscape Capital Management has acquired 2,347 shares of Vail Resorts, Inc., valued at approximately $376,000, marking a new stake in the company.
• Vail Resorts reported earnings of $10.54 per share for the last quarter, surpassing estimates by $0.54, with total revenue of $1.30 billion.
• The company declared a quarterly dividend of $2.22, representing an annualized yield of 5.4%, though its payout ratio is high at 113.55%.

Landscape Capital Management L.L.C. purchased 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 (SEC). The institutional investor purchased 2,347 shares of the company's stock, valued at approximately $376,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Point72 Asset Management L.P. grew its stake in Vail Resorts by 170.1% in 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 grew its stake in Vail Resorts by 54.2% in the first quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after purchasing an additional 283,299 shares during the period. TPG GP A LLC grew its stake in Vail Resorts by 19.9% in the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after purchasing an additional 172,082 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Vail Resorts in the first quarter worth $20,315,000. Finally, Hsbc Holdings PLC grew its stake in Vail Resorts by 9,378.0% in the first quarter. Hsbc Holdings PLC now owns 125,962 shares of the company's stock worth $20,018,000 after purchasing an additional 124,633 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 200 shares of the stock in a transaction on Friday, June 20th. The shares were bought 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 owned 3,156 shares in the company, valued at $495,492. The trade was a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Stock Performance

Shares of NYSE:MTN traded down $2.67 during midday trading on Wednesday, reaching $159.07. 653,904 shares of the company's stock traded hands, compared to its average volume of 431,298. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.03 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The stock has a 50 day moving average of $158.21 and a 200 day moving average of $153.94.

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

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.6%. Vail Resorts's dividend payout ratio is currently 113.55%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTN. Truist Financial cut their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Mizuho increased their target price on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft cut their target price 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 cut 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. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vail Resorts has an average rating of "Hold" and an average target price 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.