Vail Resorts, Inc. $MTN Stock: Alps Advisors Inc. Decreases Holdings

Key Points

• Alps Advisors cut its Vail Resorts stake by 70.5% in the third quarter, selling 77,774 shares and retaining 32,587 shares valued at about $4.47 million.
• Institutional ownership remains high at 94.9%; several other investment firms reported new or increased positions in the resort operator.
• Vail reported quarterly revenue of $278.1 million, above analysts’ $269.3 million estimate, and declared an annualized dividend of $8.88 per share. Analysts’ consensus rating was “Hold,” with an average price target of $150.

Alps Advisors Inc. reduced its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 70.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,587 shares of the company's stock after selling 77,774 shares during the period. Alps Advisors Inc. owned 0.09% of Vail Resorts worth $4,470,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MTN. Bamco Inc. NY acquired a new position in shares of Vail Resorts during the 2nd quarter valued at $889,971,000. BlackRock Inc. bought a new stake in Vail Resorts in the second quarter valued at $464,712,000. The Manufacturers Life Insurance Company acquired a new position in shares of Vail Resorts during the second quarter valued at about $131,418,000. HighTower Advisors LLC raised its holdings in shares of Vail Resorts by 22.7% during the second quarter. HighTower Advisors LLC now owns 712,430 shares of the company's stock valued at $96,997,000 after purchasing an additional 131,898 shares during the period. Finally, Corient Private Wealth LP acquired a new position in shares of Vail Resorts during the second quarter valued at about $55,443,000. 94.90% of the stock is owned by institutional investors.

Vail Resorts Stock Performance

MTN opened at $158.60 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 5.57. The company's fifty day moving average price is $144.16 and its two-hundred day moving average price is $138.80. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $163.99. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 11.66 and a beta of 0.73.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Monday, September 28th. The company reported ($5.34) EPS for the quarter, topping the consensus estimate of ($5.35) by $0.01. The firm had revenue of $278.07 million during the quarter, compared to the consensus estimate of $269.30 million. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($5.08) earnings per share. On average, analysts expect that Vail Resorts, Inc. will post 5.51 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Thursday, October 8th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, October 8th. Vail Resorts's dividend payout ratio is presently 214.49%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MTN. Weiss Ratings cut shares of Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, September 14th. The Goldman Sachs Group initiated coverage on Vail Resorts in a research report on Thursday, August 13th. They issued a "sell" rating and a $132.00 target price for the company. UBS Group reaffirmed a "neutral" rating on shares of Vail Resorts in a research note on Friday, September 18th. Stifel Nicolaus increased their price target on Vail Resorts from $157.00 to $172.00 and gave the stock a "buy" rating in a report on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $138.00 to $132.00 and set a "hold" rating on the stock in a report on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $150.00.

Vail Resorts Profile

Vail Resorts, Inc operates mountain resorts and related businesses, including lodging, ski schools, equipment rentals, dining and retail. Its resorts offer skiing and snowboarding in winter as well as hiking, mountain biking and other activities in warmer months.

The company's portfolio spans the United States, Canada, Australia and Europe. Vail Resorts also sells the Epic Pass, which provides access to participating resorts and is a key part of its season-pass business.

The company's history is closely tied to Vail Mountain in Colorado, which opened in 1962.

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