Versor Investments LP Invests $808,000 in Vail Resorts, Inc. $MTN

Versor Investments LP acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,400 shares of the company’s stock, valued at approximately $808,000.

A number of other large investors have also added to or reduced their stakes in the company. GRS Advisors LLC bought a new position in shares of Vail Resorts during the 2nd quarter valued at about $71,753,000. Norges Bank purchased a new stake in Vail Resorts in the second quarter worth approximately $51,685,000. Bamco Inc. NY grew its position in Vail Resorts by 3.6% during the second quarter. Bamco Inc. NY now owns 5,475,549 shares of the company’s stock valued at $860,373,000 after acquiring an additional 191,327 shares during the last quarter. First Pacific Advisors LP boosted its stake in shares of Vail Resorts by 23.4% in the 2nd quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock valued at $156,146,000 after purchasing an additional 188,151 shares in the last quarter. Finally, Aperture Investors LLC bought a new position in shares of Vail Resorts during the 2nd quarter valued at $22,886,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

MTN has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and upped their price target for the company from $159.00 to $165.00 in a research report on Tuesday, January 13th. Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Barclays set a $140.00 price target on Vail Resorts in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Finally, Truist Financial cut their target price on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $173.27.

Vail Resorts Stock Up 1.3%

Shares of NYSE MTN opened at $142.98 on Wednesday. The firm has a fifty day simple moving average of $140.94 and a two-hundred day simple moving average of $146.87. The firm has a market capitalization of $5.12 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 8.56 and a beta of 0.81. 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, Inc. has a 12 month low of $126.15 and a 12 month high of $175.51.

Vail Resorts (NYSE:MTN) last issued 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. The business had revenue of $271.03 million during the quarter, compared to analyst estimates of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. Vail Resorts’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted ($4.61) earnings per share. Equities analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were given a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.2%. Vail Resorts’s dividend payout ratio is currently 130.21%.

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.