Short Interest in Vail Resorts, Inc. (NYSE:MTN) Increases By 39.9%

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 2,630,000 shares, a growth of 39.9% from the May 15th total of 1,880,000 shares. Based on an average trading volume of 737,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 7.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Vail Resorts

Large investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its position in Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock worth $165,000 after acquiring an additional 69 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its stake in shares of Vail Resorts by 6.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company's stock worth $277,000 after buying an additional 96 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of Vail Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock worth $1,440,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Vail Resorts by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock worth $1,680,000 after purchasing an additional 100 shares during the period. Finally, Aurora Investment Managers LLC. lifted its holdings in shares of Vail Resorts by 1.1% during the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock worth $1,522,000 after purchasing an additional 104 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Up 0.1%

MTN stock traded up $0.15 during trading hours on Wednesday, reaching $155.33. 834,842 shares of the stock were exchanged, compared to its average volume of 586,300. The firm's 50-day moving average is $147.06 and its 200-day moving average is $162.19. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.92 and a beta of 0.91. 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 has a 12 month low of $129.85 and a 12 month high of $199.45.

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, topping analysts' consensus estimates of $10.00 by $0.54. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations 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 was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.54 EPS. On average, equities research analysts expect that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.72%. Vail Resorts's dividend payout ratio is 113.55%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial dropped their target price 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. Barclays reiterated an "underweight" rating and set a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Macquarie dropped their target price on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Finally, Bank of America upped 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. One equities 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, the company currently has an average rating of "Hold" and an average target price of $187.20.

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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