Simon Quick Advisors LLC Takes $226,000 Position in Vail Resorts, Inc. $MTN

Simon Quick Advisors LLC acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,437 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors have also modified their holdings of the company. SouthState Corp bought a new stake in shares of Vail Resorts in the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its stake in shares of Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after purchasing an additional 169 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Vail Resorts by 217.6% in the 2nd quarter. Signaturefd LLC now owns 216 shares of the company’s stock valued at $34,000 after purchasing an additional 148 shares during the last quarter. Hantz Financial Services Inc. lifted its stake 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 valued at $38,000 after purchasing an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock valued at $43,000 after purchasing an additional 116 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Angela A. Korch purchased 210 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. The trade was a 4.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

MTN has been the subject of a number of research analyst reports. Truist Financial decreased their price target on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, September 17th. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley raised their price target on Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average target price of $175.60.

Vail Resorts Trading Down 5.1%

Shares of NYSE:MTN opened at $141.68 on Wednesday. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The business’s fifty day simple moving average is $151.76 and its 200-day simple moving average is $152.76. The company has a market capitalization of $5.08 billion, a PE ratio of 19.12, a P/E/G ratio of 2.50 and a beta of 0.86. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The company had revenue of $271.29 million during the quarter, compared to analysts’ expectations of $272.87 million. During the same quarter in the prior year, the business posted ($4.67) earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders 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 dividend yield of 6.3%. Vail Resorts’s dividend payout ratio (DPR) is currently 119.84%.

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.