GRS Advisors LLC Makes New Investment in Vail Resorts, Inc. $MTN

GRS Advisors LLC bought a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 456,649 shares of the company’s stock, valued at approximately $71,753,000. Vail Resorts accounts for about 6.9% of GRS Advisors LLC’s holdings, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTN. EverSource Wealth Advisors LLC grew its holdings in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. SouthState Corp acquired a new stake in Vail Resorts during the 1st quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares during the period. Farther Finance Advisors LLC grew its holdings in Vail Resorts by 676.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after acquiring an additional 169 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Vail Resorts by 222.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after acquiring an additional 147 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MTN shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Vail Resorts in a research note on Tuesday, September 30th. Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, September 17th. Morgan Stanley upped their price target on Vail Resorts from $146.00 to $153.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Finally, Mizuho lowered their price objective on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $175.60.

Vail Resorts Price Performance

MTN stock opened at $144.16 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 3.44. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.44 and a beta of 0.81. The company’s fifty day simple moving average is $147.02 and its 200 day simple moving average is $152.57. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results 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). The business had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($4.67) earnings per share. On average, analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were paid a $2.22 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 6.2%. Vail Resorts’s payout ratio is 119.84%.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch purchased 210 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were purchased at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This represents 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.

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.