Versor Investments LP Takes Position in Vail Resorts, Inc. $MTN

Key Points

• Versor Investments LP has invested approximately $2.74 million in Vail Resorts, acquiring 17,100 shares and making it the 20th largest position in their portfolio.
• Vail Resorts reported a Q2 EPS of $10.54, surpassing analyst expectations, with a total revenue of $1.30 billion, which is slightly below the consensus forecast.
• The company also declared a quarterly dividend of $2.22 per share, equating to an annualized yield of 5.8%, despite having a payout ratio of 113.55%.

Versor Investments LP purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,100 shares of the company's stock, valued at approximately $2,736,000. Vail Resorts comprises about 0.4% of Versor Investments LP's portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTN. Bamco Inc. NY raised its stake in shares of Vail Resorts by 2.0% during the fourth quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock valued at $991,713,000 after purchasing an additional 105,410 shares in the last quarter. Principal Financial Group Inc. increased its stake in Vail Resorts by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after buying an additional 5,788 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Vail Resorts by 7.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company's stock valued at $206,252,000 after buying an additional 86,735 shares during the period. TPG GP A LLC raised its position in shares of Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after buying an additional 172,082 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after acquiring an additional 289,484 shares during the period. Institutional investors own 94.90% of the company's stock.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the company's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $157.00 per share, for a total transaction 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 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 company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Truist Financial lowered their price objective 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. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. UBS Group lowered 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. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $187.20.

Vail Resorts Trading Up 3.6%

NYSE MTN traded up $5.6650 on Friday, hitting $162.7750. 198,798 shares of the stock were exchanged, compared to its average volume of 667,033. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 1.90 and a beta of 0.90. The company's 50-day moving average price is $157.03 and its two-hundred day moving average price is $154.22.

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

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were given a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.5%. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

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.