Virtu Financial LLC Makes New Investment in Vail Resorts, Inc. $MTN

Virtu Financial LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 7,039 shares of the company’s stock, valued at approximately $935,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BOKF NA raised its stake in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the period. Golden State Wealth Management LLC increased its stake in Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the period. Danske Bank A S bought a new stake in shares of Vail Resorts during the third quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

MTN has been the subject of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Truist Financial decreased their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Wells Fargo & Company initiated coverage on shares of Vail Resorts in a research note on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Finally, BNP Paribas Exane restated an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.45.

Vail Resorts Stock Performance

Shares of NYSE:MTN opened at $144.40 on Monday. The business’s fifty day moving average price is $129.47 and its two-hundred day moving average price is $135.15. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $172.00. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 13.41 and a beta of 0.72. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.54 earnings per share. As a group, analysts predict that Vail Resorts, Inc. will post 4.37 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a dividend of $2.22 per share. The ex-dividend date is 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 (DPR) is 201.82%.

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.