MADDEN SECURITIES Corp Lowers Stake in Vail Resorts, Inc. $MTN

Key Points

• MADDEN SECURITIES Corp has decreased its stake in Vail Resorts, Inc. by 72.3%, owning only 1,900 shares after selling 4,971 shares during the second quarter.
• Vail Resorts reported a loss of ($5.08) EPS for the recent quarter, missing analysts' expectations, and experienced slight revenue growth of 2.2% compared to the same quarter last year.
• The company announced a quarterly dividend of $2.22 per share, representing a yield of 5.7%, although its payout ratio is notably high at 119.84%.

MADDEN SECURITIES Corp lessened its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 72.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,900 shares of the company's stock after selling 4,971 shares during the quarter. MADDEN SECURITIES Corp's holdings in Vail Resorts were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP purchased a new position in shares of Vail Resorts during the fourth quarter valued at approximately $224,000. GAMMA Investing LLC increased its position in Vail Resorts by 27,955.2% during the 1st quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock valued at $6,914,000 after buying an additional 43,051 shares in the last quarter. Procyon Advisors LLC raised its stake in Vail Resorts by 46.2% during the first quarter. Procyon Advisors LLC now owns 2,340 shares of the company's stock valued at $374,000 after buying an additional 739 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Vail Resorts by 990.4% in the first quarter. SG Americas Securities LLC now owns 15,156 shares of the company's stock worth $2,425,000 after acquiring an additional 13,766 shares in the last quarter. Finally, Western Pacific Wealth Management LP boosted its holdings in Vail Resorts by 45.8% in the first quarter. Western Pacific Wealth Management LP now owns 2,260 shares of the company's stock worth $362,000 after acquiring an additional 710 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $155.88 on Tuesday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 and a current ratio of 0.63. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. The business has a 50-day simple moving average of $152.83 and a two-hundred day simple moving average of $152.35. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing analysts' consensus estimates of ($4.75) by ($0.33). The company had revenue of $271.29 million during the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The business's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($4.67) earnings per share. On average, analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be paid a dividend of $2.22 per share. The ex-dividend date is Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a yield of 5.7%. Vail Resorts's payout ratio is currently 119.84%.

Analyst Upgrades and Downgrades

MTN has been the subject of several analyst reports. Truist Financial reduced their price target on Vail Resorts from $244.00 to $237.00 and set a "buy" rating for the company in a report on Tuesday, September 30th. Mizuho reduced their price objective on shares of Vail Resorts from $216.00 to $195.00 and set an "outperform" rating for the company in a research note on Tuesday, September 30th. Morgan Stanley decreased their target price on shares of Vail Resorts from $155.00 to $146.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Vail Resorts in a research note on Saturday, September 27th. Finally, Zacks Research downgraded shares of Vail Resorts from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $174.90.

Vail Resorts 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.

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