Paralel Advisors LLC Cuts Stock Position in Vail Resorts, Inc. $MTN

Key Points

• Paralel Advisors LLC significantly reduced its stake in Vail Resorts, Inc. by 88.2%, from 10,200 to 1,200 shares, valuing their remaining investment at approximately $189,000.
• Vail Resorts reported a quarterly loss of ($5.08) earnings per share, missing analysts' expectations and comparing unfavorably to last year's loss of ($4.67) EPS.
• The company announced a quarterly dividend of $2.22 per share, with a payout ratio of 119.84% and an annualized yield of 5.9%.

Paralel Advisors LLC cut its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 88.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,200 shares of the company's stock after selling 9,000 shares during the quarter. Paralel Advisors LLC's holdings in Vail Resorts were worth $189,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. SouthState Corp bought a new position in shares of Vail Resorts during the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its stake in Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company's stock valued at $30,000 after acquiring an additional 169 shares in the last quarter. Signaturefd LLC grew its holdings in Vail Resorts by 217.6% in the second quarter. Signaturefd LLC now owns 216 shares of the company's stock worth $34,000 after purchasing an additional 148 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Vail Resorts by 102.5% during the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Vail Resorts during the 1st quarter valued at $40,000. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $149.75 on Thursday. 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 fifty day moving average of $152.97 and a 200 day moving average of $151.79. The firm has a market cap of $5.37 billion, a PE ratio of 20.21, a PEG ratio of 2.57 and a beta of 0.86. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The company had revenue of $271.29 million for the quarter, compared to analysts' expectations of $272.87 million. The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned ($4.67) earnings per share. As a group, research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.9%. The ex-dividend date is Thursday, October 9th. Vail Resorts's payout ratio is presently 119.84%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen cut Vail Resorts from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Truist Financial lowered 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 dropped their price target on Vail Resorts from $216.00 to $195.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 30th. Morgan Stanley cut their price objective on Vail Resorts from $155.00 to $146.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. Finally, Barclays decreased their target price on Vail Resorts from $152.00 to $145.00 and set an "underweight" rating for the company in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $174.90.

Insider Buying and Selling

In other news, CFO Angela A. Korch acquired 210 shares of the business's stock in a transaction on Tuesday, October 7th. The stock was bought at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the purchase, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. This represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company's stock.

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.

Want to see what other hedge funds are holding MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vail Resorts, Inc. (NYSE:MTN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.