Versor Investments LP Invests $2.74 Million in Vail Resorts, Inc. (NYSE: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 bought a new position in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 17,100 shares of the company's stock, valued at approximately $2,736,000. Vail Resorts comprises 0.4% of Versor Investments LP's portfolio, making the stock its 20th biggest position.

Several other institutional investors have also recently made changes to their positions in MTN. Crossmark Global Holdings Inc. increased its stake in Vail Resorts by 25.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock worth $412,000 after buying an additional 523 shares during the period. GAMMA Investing LLC increased its stake in Vail Resorts by 27,955.2% in the 1st quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock worth $6,914,000 after buying an additional 43,051 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Vail Resorts in the 1st quarter worth about $20,315,000. Principal Financial Group Inc. increased its stake in Vail Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after buying an additional 5,788 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in Vail Resorts during the 1st quarter valued at about $876,000. Institutional investors own 94.90% of the company's stock.

Vail Resorts Stock Up 0.7%

NYSE:MTN opened at $153.49 on Friday. The company has a market cap of $5.70 billion, a PE ratio of 19.63, a P/E/G ratio of 1.90 and a beta of 0.90. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The company's 50 day moving average is $156.95 and its two-hundred day moving average is $154.52.

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

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.8%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's payout ratio is presently 113.55%.

Analysts Set New Price Targets

MTN has been the topic of a number of research reports. UBS Group cut their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Mizuho raised their target price 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. Bank of America raised their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Finally, Truist Financial cut 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 report on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $187.20.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the firm's stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the purchase, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

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.

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