Trexquant Investment LP Purchases 111,213 Shares of Vail Resorts, Inc. $MTN

Key Points

• Trexquant Investment LP significantly increased its stake in Vail Resorts by 355.2%, owning 142,522 shares valued at approximately $22.8 million following an acquisition of 111,213 shares in the first quarter.
• Vail Resorts reported an EPS of $10.54 for the quarter, surpassing analyst estimates and showing a year-over-year revenue increase of 1.0% to $1.30 billion.
• The company announced a quarterly dividend of $2.22 per share, resulting in an annualized yield of 5.4%, though the dividend payout ratio stands at a high 113.55%.

Trexquant Investment LP grew its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 355.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,522 shares of the company's stock after acquiring an additional 111,213 shares during the quarter. Trexquant Investment LP owned 0.38% of Vail Resorts worth $22,806,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State of Michigan Retirement System raised its position in Vail Resorts by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock worth $1,440,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Vail Resorts by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock valued at $1,680,000 after purchasing an additional 100 shares during the period. Aurora Investment Managers LLC. grew its stake in shares of Vail Resorts by 1.1% in the 1st quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after purchasing an additional 104 shares during the period. ProShare Advisors LLC raised its holdings in shares of Vail Resorts by 6.7% in the 4th quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock worth $328,000 after buying an additional 110 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Vail Resorts by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock worth $701,000 after buying an additional 110 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MTN. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Truist Financial reduced their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Bank of America upped their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price for the company in a research report on Wednesday, May 28th. Finally, Mizuho boosted their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Price Performance

MTN stock traded down $0.13 during midday trading on Friday, reaching $163.89. 301,645 shares of the company's stock traded hands, compared to its average volume of 476,498. The company has a 50-day simple moving average of $157.94 and a two-hundred day simple moving average of $153.94. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.02 and a beta of 0.90. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating 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 firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period last year, the firm posted $9.54 EPS. The business's revenue was up 1.0% on a year-over-year basis. On average, analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is currently 113.55%.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch purchased 200 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average cost of $157.00 per share, with a total value of $31,400.00. Following the acquisition, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

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.