Malaga Cove Capital LLC Increases Position in Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Malaga Cove Capital LLC increased its stake in Vail Resorts, acquiring additional shares and raising its holdings by 30% to a total of 12,376 shares valued at approximately $1,980,000.
• Recent analyst ratings show mixed opinions on Vail Resorts, with Bank of America raising the price target to $175 and several firms lowering their expectations, leading to an average rating of "Hold."
• Vail Resorts announced a quarterly dividend of $2.22, resulting in an annualized dividend yield of 6.0%, despite a high dividend payout ratio of 113.55%.

Malaga Cove Capital LLC lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 30.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,376 shares of the company's stock after purchasing an additional 2,858 shares during the quarter. Malaga Cove Capital LLC's holdings in Vail Resorts were worth $1,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts during the fourth quarter valued at $33,000. Golden State Wealth Management LLC raised its position in shares of Vail Resorts by 102.5% in the first 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 purchased a new position in Vail Resorts during the first quarter valued at approximately $40,000. GAMMA Investing LLC grew its stake in Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after acquiring an additional 116 shares in the last quarter. Finally, GeoWealth Management LLC grew its stake in Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction on Friday, June 20th. The stock was purchased at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the purchase, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

Vail Resorts Price Performance

Shares of NYSE:MTN traded down $0.25 during midday trading on Wednesday, reaching $148.85. 386,498 shares of the company's stock traded hands, compared to its average volume of 684,246. 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 $5.53 billion, a P/E ratio of 19.04, a PEG ratio of 1.83 and a beta of 0.90. The company has a fifty day simple moving average of $158.03 and a two-hundred day simple moving average of $155.68. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $9.54 EPS. Equities analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio is presently 113.55%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group decreased their price objective 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. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a report on Wednesday, May 28th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Finally, Mizuho lifted their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $187.20.

Vail Resorts Company 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.