Quantbot Technologies LP Takes $1.05 Million Position in Vail Resorts, Inc. $MTN

Quantbot Technologies LP purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,744 shares of the company’s stock, valued at approximately $1,054,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Vail Resorts during the second quarter valued at approximately $464,712,000. Capital World Investors lifted its stake in Vail Resorts by 6.1% in the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after acquiring an additional 182,982 shares during the last quarter. Oasis Management Co Ltd. grew its position in Vail Resorts by 8.3% in the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after acquiring an additional 141,500 shares in 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 worth $125,334,000 after purchasing an additional 201,750 shares during the last quarter. Finally, UBS Group AG raised 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 valued at $106,723,000 after purchasing an additional 130,460 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vail Resorts in a research note on Tuesday, July 7th. Stifel Nicolaus decreased their price objective on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Barclays lowered their target price on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research 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 report on Tuesday, June 9th. Finally, Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $149.83.

Vail Resorts Trading Down 1.3%

NYSE:MTN opened at $148.07 on Wednesday. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $165.50. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 9.90 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The company’s 50 day moving average is $146.18 and its 200-day moving average is $137.01.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.Vail Resorts’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.54 earnings per share. Equities analysts anticipate that Vail Resorts, Inc. will post 4.32 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. Vail Resorts’s payout ratio is currently 201.82%.

Vail Resorts 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.