Wealth Enhancement Advisory Services LLC Makes New $273,000 Investment in Vail Resorts, Inc. $MTN

Key Points

• Wealth Enhancement Advisory Services LLC has made a new investment of approximately $273,000 in Vail Resorts, acquiring 1,665 shares during the second quarter.
• Vail Resorts reported a quarterly loss of ($5.08) per share, missing analyst expectations, and had a revenue of $271.29 million, slightly below projections.
• The company announced a quarterly dividend of $2.22 per share, yielding 5.9%, with a payout ratio of 119.84%.

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,665 shares of the company's stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTN. SouthState Corp acquired a new position in Vail Resorts during the first quarter worth approximately $29,000. Golden State Wealth Management LLC grew its stake in shares of Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after buying an additional 123 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Vail Resorts during the 1st quarter worth $40,000. GAMMA Investing LLC raised its position in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after buying an additional 116 shares during the period. Finally, U S Global Investors Inc. acquired a new position in Vail Resorts in the first quarter valued at $104,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of Vail Resorts stock in a transaction dated Tuesday, October 7th. The stock was bought at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the purchase, the chief financial officer owned 4,905 shares in the company, valued at $760,275. This represents a 4.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Performance

Vail Resorts stock opened at $150.16 on Friday. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. The firm's fifty day moving average price is $152.79 and its 200 day moving average price is $152.28.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts' consensus estimates of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The firm had revenue of $271.29 million during the quarter, compared to analysts' expectations of $272.87 million. During the same period in the previous year, the company earned ($4.67) earnings per share. The business's quarterly revenue was up 2.2% on a year-over-year basis. On average, research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be issued a dividend of $2.22 per share. The ex-dividend date is Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 5.9%. Vail Resorts's payout ratio is currently 119.84%.

Analysts Set New Price Targets

Several brokerages have commented on MTN. Bank of America dropped their price target on Vail Resorts from $175.00 to $165.00 and set a "neutral" rating for the company in a research note on Tuesday, September 30th. Stifel Nicolaus reiterated a "buy" rating and set a $175.00 target price (down previously from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $170.00 to $165.00 and set a "hold" rating for the company in a research report on Wednesday, September 17th. Wall Street Zen cut shares of Vail Resorts from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Finally, Weiss Ratings downgraded shares of Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of "Hold" and an average target price of $174.90.

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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