Vail Resorts, Inc. $MTN Shares Acquired by 111 Capital

Key Points

• 111 Capital increased its holdings in Vail Resorts by 116.3% in Q2, acquiring an additional 3,319 shares to reach a total of 6,172 shares valued at approximately $970,000.
• Vail Resorts reported a loss of ($5.08) EPS for the last quarter, which was below analysts' expectations of ($4.75), with revenues of $271.29 million.
• The company announced a quarterly dividend of $2.22 per share, resulting in an annualized dividend yield of 5.7%, despite a high dividend payout ratio of 119.84%.

111 Capital raised its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 116.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,172 shares of the company's stock after acquiring an additional 3,319 shares during the period. 111 Capital's holdings in Vail Resorts were worth $970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in Vail Resorts by 11.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,976 shares of the company's stock valued at $5,339,000 after acquiring an additional 3,447 shares during the period. PFG Investments LLC purchased a new position in shares of Vail Resorts during the 2nd quarter valued at approximately $208,000. Uncommon Cents Investing LLC increased its holdings in shares of Vail Resorts by 79.3% during the 2nd quarter. Uncommon Cents Investing LLC now owns 14,275 shares of the company's stock valued at $2,243,000 after purchasing an additional 6,315 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Vail Resorts by 217.6% during the 2nd quarter. Signaturefd LLC now owns 216 shares of the company's stock valued at $34,000 after purchasing an additional 148 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Vail Resorts during the 2nd quarter valued at approximately $367,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTN has been the subject of several recent research reports. Truist Financial cut their target price on shares of Vail Resorts from $244.00 to $237.00 and set a "buy" rating for the company in a report on Tuesday, September 30th. Bank of America cut their target price on shares of Vail Resorts from $175.00 to $165.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. UBS Group cut their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Zacks Research lowered shares of Vail Resorts from a "hold" rating to a "strong sell" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $170.00 to $165.00 and set a "hold" rating for the company in a report on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Vail Resorts currently has an average rating of "Hold" and a consensus target price of $174.90.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $157.07 on Friday. The firm has a market cap of $5.84 billion, a PE ratio of 21.20, a PEG ratio of 2.57 and a beta of 0.86. The firm has a fifty day moving average of $152.88 and a 200 day moving average of $152.44. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.54 and a current ratio of 0.63. 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 issued its quarterly earnings results on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The company had revenue of $271.29 million during the quarter, compared to analysts' expectations of $272.87 million. During the same period in the previous year, the firm posted ($4.67) EPS. Vail Resorts's revenue was up 2.2% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.7%. Vail Resorts's dividend payout ratio is presently 119.84%.

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.

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.