Landscape Capital Management L.L.C. Buys Shares of 2,347 Vail Resorts, Inc. $MTN

Landscape Capital Management L.L.C. bought a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 2,347 shares of the company’s stock, valued at approximately $376,000.

Other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in Vail Resorts in the 4th quarter valued at about $33,000. SouthState Corp acquired a new position in Vail Resorts in the 1st quarter valued at about $29,000. Golden State Wealth Management LLC grew its position in Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Vail Resorts in the 1st quarter valued at about $40,000. Finally, GAMMA Investing LLC grew its position in shares of Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after buying an additional 116 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

MTN stock opened at $163.89 on Monday. The business has a 50 day moving average price of $157.94 and a 200 day moving average price of $153.85. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.03 and a beta of 0.87. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.54. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.54 earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were paid a $2.22 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.4%. Vail Resorts’s payout ratio is currently 113.55%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 200 shares of Vail Resorts stock in a transaction on Friday, June 20th. The stock was bought at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the purchase, the chief financial officer owned 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MTN. Morgan Stanley reissued an “equal weight” rating on shares of Vail Resorts in a research report on Friday, June 6th. JPMorgan Chase & Co. raised Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price objective for the company in a research report on Wednesday, May 28th. UBS Group lowered their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Bank of America boosted their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Finally, Mizuho boosted their price objective on Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus price target of $187.20.

Vail Resorts Company 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.