Vail Resorts, Inc. $MTN Shares Purchased by Oasis Management Co Ltd.

Oasis Management Co Ltd. increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,851,234 shares of the company’s stock after buying an additional 141,500 shares during the quarter. Vail Resorts comprises approximately 16.0% of Oasis Management Co Ltd.’s portfolio, making the stock its largest holding. Oasis Management Co Ltd. owned approximately 0.05% of Vail Resorts worth $245,844,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC increased its holdings in shares of Vail Resorts by 21.5% during the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after buying an additional 75 shares in the last quarter. Comerica Bank increased its holdings in shares of Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after buying an additional 78 shares in the last quarter. Xponance Inc. increased its holdings in shares of Vail Resorts by 1.2% during the third quarter. Xponance Inc. now owns 6,903 shares of the company’s stock worth $1,032,000 after buying an additional 82 shares in the last quarter. Provident Investment Management Inc. increased its holdings in shares of Vail Resorts by 1.6% during the third quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock worth $871,000 after buying an additional 90 shares in the last quarter. Finally, MAI Capital Management increased its holdings in shares of Vail Resorts by 25.2% during the third quarter. MAI Capital Management now owns 482 shares of the company’s stock worth $72,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling

In other Vail Resorts news, CEO Robert A. Katz acquired 37,500 shares of Vail Resorts stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the purchase, the chief executive officer owned 285,312 shares in the company, valued at $37,606,974.72. The trade was a 15.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Angela A. Korch acquired 190 shares of Vail Resorts stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the purchase, the chief financial officer owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. The trade was a 3.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MTN has been the subject of several recent analyst 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 report on Tuesday. Wells Fargo & Company assumed coverage on shares of Vail Resorts in a report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 price target for the company. Mizuho set a $174.00 price target on shares of Vail Resorts in a report on Tuesday. Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, Morgan Stanley lowered their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.45.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $133.48 on Friday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.51. The firm has a market cap of $4.76 billion, a P/E ratio of 30.34, a P/E/G ratio of 12.69 and a beta of 0.72. The firm has a 50 day simple moving average of $128.70 and a 200 day simple moving average of $135.20. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $172.00.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $10.54 EPS. Sell-side analysts predict that Vail Resorts, Inc. will post 4.35 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.7%. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

About Vail Resorts

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.