Oak Thistle LLC Takes $586,000 Position in Vail Resorts, Inc. $MTN

Oak Thistle LLC acquired a new position in Vail Resorts, Inc. (NYSE:MTN) in the third quarter, Holdings Channel reports. The fund acquired 3,921 shares of the company’s stock, valued at approximately $586,000.

A number of other hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of 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 purchasing an additional 124 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Vail Resorts by 676.0% during the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after purchasing an additional 169 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Vail Resorts in the second quarter valued at about $33,000. Finally, Parkside Financial Bank & Trust grew its stake in Vail Resorts by 222.7% in the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

MTN has been the subject of several analyst reports. Truist Financial decreased their price target on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Barclays decreased their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research report on Tuesday, September 30th. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Bank of America reduced their price target on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $176.50.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch purchased 210 shares of Vail Resorts stock in a transaction on Tuesday, October 7th. The stock was bought at an average cost of $155.00 per share, with a total value of $32,550.00. Following the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. This represents a 4.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Vail Resorts Trading Down 0.6%

Shares of Vail Resorts stock opened at $153.38 on Friday. The firm’s 50 day simple moving average is $147.20 and its two-hundred day simple moving average is $152.49. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 11.82 and a beta of 0.81. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $191.85. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping the consensus estimate of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The business had revenue of $271.03 million during the quarter, compared to the consensus estimate of $273.35 million. During the same period in the previous year, the firm posted ($4.61) earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

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.