Levin Capital Strategies L.P. Buys 1,000 Shares of Vail Resorts, Inc. $MTN

Levin Capital Strategies L.P. lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 46.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,131 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Levin Capital Strategies L.P.’s holdings in Vail Resorts were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. SouthState Corp purchased a new position in shares of Vail Resorts during the 1st quarter valued at about $29,000. Farther Finance Advisors LLC grew 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 acquiring an additional 169 shares during the last quarter. Signaturefd LLC raised its stake in shares of Vail Resorts by 217.6% during the second quarter. Signaturefd LLC now owns 216 shares of the company’s stock worth $34,000 after acquiring an additional 148 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Vail Resorts by 260.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 245 shares of the company’s stock worth $38,000 after acquiring an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. This represents a 4.47% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Trading Up 0.7%

MTN opened at $149.39 on Tuesday. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56. The business has a 50 day simple moving average of $152.12 and a two-hundred day simple moving average of $152.73. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.50 and a beta of 0.86.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The company had revenue of $271.29 million during the quarter, compared to analysts’ expectations of $272.87 million. During the same quarter last year, the business earned ($4.67) earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were issued a $2.22 dividend. The ex-dividend date was Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a yield of 5.9%. Vail Resorts’s dividend payout ratio is 119.84%.

Analyst Upgrades and Downgrades

MTN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, September 17th. Bank of America reduced their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $175.60.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.