Vail Resorts, Inc. (NYSE:MTN) Stock Position Raised by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Vail Resorts by 176.1% during the first quarter, owning a total of 7,404 shares valued at $1,185,000 after acquiring an additional 4,722 shares.
• Recent ratings from major analysts show mixed sentiments, with JPMorgan upgrading the stock to a "neutral" rating while other firms like Bank of America and UBS adjusted their price targets upward.
• Vail Resorts announced a quarterly dividend of $2.22 per share with a payout ratio of 113.55%, reflecting a strong commitment to returning value to shareholders despite a high payout ratio.

XTX Topco Ltd raised its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 176.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,404 shares of the company's stock after acquiring an additional 4,722 shares during the quarter. XTX Topco Ltd's holdings in Vail Resorts were worth $1,185,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MTN. Heck Capital Advisors LLC purchased a new position in Vail Resorts in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC grew its stake 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 buying an additional 123 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Vail Resorts in the 1st quarter valued at about $40,000. GAMMA Investing LLC increased its stake in Vail Resorts by 75.3% during 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, GeoWealth Management LLC increased its position in shares of Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after acquiring an additional 180 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MTN shares. Truist Financial cut their target price 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 target price for the company 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. Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Finally, Mizuho boosted their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Price Performance

NYSE MTN traded down $1.48 during trading hours on Friday, reaching $148.78. The company's stock had a trading volume of 570,651 shares, compared to its average volume of 629,545. The company's 50-day moving average is $158.06 and its two-hundred day moving average is $155.93. The stock has a market cap of $5.53 billion, a PE ratio of 19.03, a PEG ratio of 1.84 and a beta of 0.90. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. 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 posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The business had revenue of $1.30 billion for 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 business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $9.54 earnings per share. Analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

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

Insider Buying and Selling

In related news, CFO Angela A. Korch purchased 200 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This trade represents a 6.77% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

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.