Firetrail Investments PTY Ltd. Takes $13.86 Million Position in Vail Resorts, Inc. $MTN

Firetrail Investments PTY Ltd. acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 88,548 shares of the company’s stock, valued at approximately $13,863,000. Vail Resorts makes up approximately 3.6% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Vail Resorts by 7.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company’s stock valued at $206,252,000 after buying an additional 86,735 shares in the last quarter. First Pacific Advisors LP raised its position in shares of Vail Resorts by 23.4% during the 2nd quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock valued at $156,146,000 after buying an additional 188,151 shares in the last quarter. Northern Trust Corp raised its position in shares of Vail Resorts by 16.5% during the 1st quarter. Northern Trust Corp now owns 385,607 shares of the company’s stock valued at $61,705,000 after buying an additional 54,580 shares in the last quarter. DnB Asset Management AS raised its position in shares of Vail Resorts by 1.9% during the 1st quarter. DnB Asset Management AS now owns 181,011 shares of the company’s stock valued at $28,965,000 after buying an additional 3,436 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Vail Resorts by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after buying an additional 2,824 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Activity

In other news, CFO Angela A. Korch acquired 210 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. The trade was a 4.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MTN shares. Mizuho lowered their price objective on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 17th. Barclays decreased their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 30th. Weiss Ratings cut shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $175.60.

Vail Resorts Price Performance

MTN stock opened at $148.57 on Friday. The firm’s 50-day moving average price is $152.35 and its two-hundred day moving average price is $152.55. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.50 and a beta of 0.86. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) 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 quarter in the previous year, the firm posted ($4.67) EPS. Vail Resorts’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were given a $2.22 dividend. The ex-dividend date was Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.0%. Vail Resorts’s payout ratio is presently 119.84%.

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.