Kingsview Wealth Management LLC Takes Position in Vail Resorts, Inc. $MTN

Kingsview Wealth Management LLC purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to its most recent filing with the SEC. The firm purchased 20,461 shares of the company’s stock, valued at approximately $3,215,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MTN. SouthState Corp bought a new stake in Vail Resorts in the first quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Farther Finance Advisors LLC grew its holdings 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 buying an additional 169 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Vail Resorts by 222.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 147 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Vail Resorts by 217.6% during the 2nd quarter. Signaturefd LLC now owns 216 shares of the company’s stock worth $34,000 after buying an additional 148 shares during the period. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Down 4.4%

MTN stock opened at $139.73 on Tuesday. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56. The stock has a market capitalization of $5.01 billion, a P/E ratio of 18.86, a P/E/G ratio of 2.50 and a beta of 0.90. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The business has a 50-day moving average of $149.24 and a 200-day moving average of $153.25.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The firm had revenue of $271.29 million during the quarter, compared to the consensus estimate of $272.87 million. During the same quarter in the previous year, the firm posted ($4.67) EPS. The company’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 9th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Thursday, October 9th. Vail Resorts’s payout ratio is currently 119.84%.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average price of $155.00 per share, with a total value of $32,550.00. Following the completion of the transaction, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MTN shares. Morgan Stanley boosted their target price on Vail Resorts from $146.00 to $153.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Truist Financial lowered their target price 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. Finally, Bank of America cut their price target on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Three equities 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $175.60.

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.