Corient Private Wealth LP Makes New Investment in Vail Resorts, Inc. $MTN

Corient Private Wealth LP acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, Holdings Channel reports. The fund acquired 407,222 shares of the company’s stock, valued at approximately $55,443,000.

Several other hedge funds have also modified their holdings of MTN. Bamco Inc. NY acquired a new position in shares of Vail Resorts in the 2nd quarter valued at $889,971,000. Bank of America Corp DE purchased a new position in Vail Resorts in the 2nd quarter worth approximately $28,937,000. Gallagher Fiduciary Advisors LLC purchased a new position in shares of Vail Resorts in the second quarter valued at $399,000. Man Group plc purchased a new position in Vail Resorts in the 2nd quarter valued at about $1,180,000. Finally, Jupiter Topco LLC purchased a new position in Vail Resorts in the second quarter valued at about $2,140,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $144.68 on Friday. The stock has a market cap of $5.15 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 9.81 and a beta of 0.70. The business has a fifty day simple moving average of $146.55 and a 200-day simple moving average of $137.14. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $165.50.

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

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a $2.22 dividend. The ex-dividend date was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.1%. Vail Resorts’s dividend payout ratio is currently 201.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Truist Financial dropped 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. JPMorgan Chase & Co. upped their price target on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Finally, Stifel Nicolaus cut their price objective 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 research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and a consensus target price of $149.83.

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.