SG Americas Securities LLC Increases Holdings in Vail Resorts, Inc. $MTN

SG Americas Securities LLC boosted its position in Vail Resorts, Inc. (NYSE:MTN) by 133.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,017 shares of the company’s stock after purchasing an additional 16,004 shares during the period. SG Americas Securities LLC’s holdings in Vail Resorts were worth $3,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTN. Wealth Enhancement Advisory Services LLC boosted its position in Vail Resorts by 24.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,602 shares of the company’s stock worth $355,000 after purchasing an additional 514 shares in the last quarter. Green Alpha Advisors LLC increased its position in shares of Vail Resorts by 14.0% in the fourth quarter. Green Alpha Advisors LLC now owns 5,407 shares of the company’s stock valued at $718,000 after buying an additional 663 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in shares of Vail Resorts in the third quarter valued at $250,000. CIBC Private Wealth Group LLC raised its stake in shares of Vail Resorts by 23.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,761 shares of the company’s stock worth $263,000 after buying an additional 334 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Vail Resorts during the 3rd quarter worth $265,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

NYSE:MTN opened at $131.07 on Friday. Vail Resorts, Inc. has a 12-month low of $123.82 and a 12-month high of $175.51. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 9.26 and a beta of 0.79. The company’s 50-day moving average is $135.46 and its two-hundred day moving average is $142.12. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $6.56 earnings per share. Research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, March 26th. Vail Resorts’s payout ratio is presently 144.86%.

Insider Activity at Vail Resorts

In other Vail Resorts news, CEO Robert A. Katz acquired 37,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the acquisition, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at $37,606,974.72. This trade represents a 15.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Angela A. Korch acquired 190 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the acquisition, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. The trade was a 3.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial lowered their price objective on shares of Vail Resorts from $234.00 to $217.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. BNP Paribas Exane reaffirmed an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and increased their price target for the company from $159.00 to $165.00 in a research report on Tuesday, January 13th. Morgan Stanley dropped their price objective on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $165.00.

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.