Malaga Cove Capital LLC Has $1.98 Million Stock 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 boosted its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 30.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,376 shares of the company's stock after acquiring an additional 2,858 shares during the period. Malaga Cove Capital LLC's holdings in Vail Resorts were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its holdings in Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after buying an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after buying an additional 289,484 shares in the last quarter. First Pacific Advisors LP grew its holdings in Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock valued at $128,910,000 after buying an additional 283,299 shares in the last quarter. TPG GP A LLC grew its holdings in Vail Resorts by 19.9% in the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after buying an additional 172,082 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in Vail Resorts by 402.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 186,356 shares of the company's stock valued at $34,932,000 after buying an additional 149,237 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Insider Activity

In related news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares of the company's stock, valued at $495,492. The trade was a 6.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by company insiders.

Vail Resorts Trading Down 1.0%

Vail Resorts stock traded down $1.48 during trading hours on Friday, hitting $148.78. The stock had a trading volume of 570,651 shares, compared to its average volume of 629,545. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.84 and a beta of 0.90. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The business's 50 day simple moving average is $158.06 and its 200-day simple moving average is $155.93.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $9.54 earnings per share. On average, equities analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on MTN. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Bank of America increased their target price on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Truist Financial reduced their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a report on Wednesday, May 28th. Finally, UBS Group reduced their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $187.20.

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.