PEAK6 LLC Takes Position in Vail Resorts, Inc. $MTN

PEAK6 LLC bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the second quarter, HoldingsChannel.com reports. The fund bought 17,739 shares of the company’s stock, valued at approximately $2,415,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Vail Resorts in the second quarter valued at $464,712,000. Capital World Investors grew its holdings in Vail Resorts by 6.1% in the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after buying an additional 182,982 shares during the period. Oasis Management Co Ltd. increased its stake in shares of Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after acquiring an additional 141,500 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Vail Resorts by 26.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after acquiring an additional 201,750 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Vail Resorts by 22.4% during the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock worth $106,723,000 after acquiring an additional 130,460 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Trading Up 0.1%

NYSE MTN opened at $152.93 on Monday. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 10.08 and a beta of 0.70. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $165.50. The company’s 50 day moving average price is $145.64 and its 200 day moving average price is $136.77.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $10.54 earnings per share. Vail Resorts’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Vail Resorts, Inc. will post 4.32 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio is 201.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MTN shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. The Goldman Sachs Group began coverage on shares of Vail Resorts in a report on Thursday, August 13th. They issued a “sell” rating and a $132.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Truist Financial cut their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Finally, Stifel Nicolaus lowered their price target on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus target price of $149.83.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.