Orvieto Partners L.P. Purchases 10,000 Shares of Vail Resorts, Inc. $MTN

Orvieto Partners L.P. lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 33.3% during the first quarter, HoldingsChannel reports. The firm owned 40,000 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Vail Resorts comprises 4.4% of Orvieto Partners L.P.’s portfolio, making the stock its 9th largest holding. Orvieto Partners L.P.’s holdings in Vail Resorts were worth $5,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oasis Management Co Ltd. raised its holdings in shares of Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after buying an additional 141,500 shares in the last quarter. CWM LLC boosted its stake in Vail Resorts by 1,904.9% in the fourth quarter. CWM LLC now owns 14,054 shares of the company’s stock valued at $1,866,000 after buying an additional 13,353 shares in the last quarter. Oak Thistle LLC grew its position in Vail Resorts by 244.9% in the fourth quarter. Oak Thistle LLC now owns 13,523 shares of the company’s stock valued at $1,796,000 after acquiring an additional 9,602 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Vail Resorts by 945.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,963 shares of the company’s stock valued at $2,784,000 after acquiring an additional 18,957 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in Vail Resorts during the first quarter worth about $4,605,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MTN. Mizuho set a $174.00 price objective on Vail Resorts in a report on Tuesday, June 9th. Truist Financial dropped their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Barclays cut their price target on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $144.18 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The stock has a market cap of $5.14 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 13.60 and a beta of 0.71. The stock’s fifty day simple moving average is $137.70 and its two-hundred day simple moving average is $134.93. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $165.50.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $10.54 EPS. Vail Resorts’s quarterly revenue was down 7.0% compared to the same quarter last year. As a group, analysts forecast that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 6.2%. Vail Resorts’s payout ratio is presently 201.82%.

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.