Quantbot Technologies LP Invests $4.43 Million in Vail Resorts, Inc. $MTN

Key Points

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Quantbot Technologies LP acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,686 shares of the company's stock, valued at approximately $4,430,000. Quantbot Technologies LP owned 0.07% of Vail Resorts at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SouthState Corp acquired a new position in Vail Resorts during the 1st quarter valued at approximately $29,000. Heck Capital Advisors LLC acquired a new position in Vail Resorts during the 4th quarter valued at approximately $33,000. Golden State Wealth Management LLC boosted its position in Vail Resorts by 102.5% during 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 period. Alpine Bank Wealth Management acquired a new position in Vail Resorts during the 1st quarter valued at approximately $40,000. Finally, GAMMA Investing LLC boosted its position in Vail Resorts by 75.3% during 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 period. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MTN. UBS Group reduced their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Mizuho lifted their target price on Vail Resorts from $215.00 to $216.00 and gave the company 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. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Finally, Bank of America lifted 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. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $187.20.

Vail Resorts Price Performance

Shares of MTN traded up $5.5780 during midday trading on Friday, reaching $162.6880. The stock had a trading volume of 481,463 shares, compared to its average volume of 487,263. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The firm's 50 day moving average price is $157.26 and its 200-day moving average price is $153.99. The company has a market capitalization of $6.04 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.01 and a beta of 0.90.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the business earned $9.54 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's payout ratio is currently 113.55%.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction dated 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 purchase, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company's stock.

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.