Vail Resorts, Inc. (NYSE:MTN) Shares Bought 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 lifted its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 176.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,404 shares of the company's stock after buying an additional 4,722 shares during the quarter. XTX Topco Ltd's holdings in Vail Resorts were worth $1,185,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in shares of Vail Resorts in the fourth quarter worth about $33,000. Golden State Wealth Management LLC increased its position in Vail Resorts by 102.5% during the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after acquiring an additional 123 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Vail Resorts during the first quarter valued at $40,000. GAMMA Investing LLC raised its position in 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 purchasing an additional 116 shares during the period. Finally, GeoWealth Management LLC raised its position in Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 94.90% of the company's stock.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 200 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was purchased 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 owned 3,156 shares in the company, valued at approximately $495,492. This trade represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on MTN. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Truist Financial decreased their price target on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, June 6th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research report on Wednesday, May 28th. UBS Group decreased their price target on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Finally, Bank of America increased their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $187.20.

Vail Resorts Price Performance

Vail Resorts stock traded down $0.11 during midday trading on Wednesday, reaching $148.99. The company had a trading volume of 191,946 shares, compared to its average volume of 683,744. The company has a market capitalization of $5.54 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.83 and a beta of 0.90. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The firm's fifty day simple moving average is $158.03 and its 200-day simple moving average is $155.68. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. Vail Resorts's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $9.54 EPS. As a group, equities analysts anticipate 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. Investors 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 6.0%. Vail Resorts's payout ratio is presently 113.55%.

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.