Midway Capital Research & Management Acquires Shares of 8,060 Vail Resorts, Inc. $MTN

Midway Capital Research & Management acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,060 shares of the company’s stock, valued at approximately $1,070,000.

Several other hedge funds have also added to or reduced their stakes in MTN. Clearstead Advisors LLC boosted its stake in Vail Resorts by 21.5% in the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after purchasing an additional 75 shares in the last quarter. Comerica Bank lifted its holdings in shares of Vail Resorts by 0.4% during the 3rd quarter. Comerica Bank now owns 17,552 shares of the company’s stock valued at $2,625,000 after buying an additional 78 shares during the period. Xponance Inc. lifted its holdings in Vail Resorts by 1.2% in the third quarter. Xponance Inc. now owns 6,903 shares of the company’s stock valued at $1,032,000 after acquiring an additional 82 shares during the period. Provident Investment Management Inc. boosted its holdings in shares of Vail Resorts by 1.6% in 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 during the last quarter. Finally, MAI Capital Management boosted its stake in shares of Vail Resorts by 25.2% during the 3rd quarter. MAI Capital Management now owns 482 shares of the company’s stock worth $72,000 after acquiring an additional 97 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Mizuho set a $174.00 price target on shares of Vail Resorts in a research note on Tuesday, June 9th. BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. 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. Finally, Truist Financial lowered their price target 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. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Stock Down 0.3%

Vail Resorts stock opened at $144.40 on Friday. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $172.00. The business has a fifty day moving average of $129.47 and a two-hundred day moving average of $135.18. The firm has a market cap of $5.15 billion, a P/E ratio of 32.82, a P/E/G ratio of 13.41 and a beta of 0.72. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $10.54 EPS. Vail Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts forecast that Vail Resorts, Inc. will post 4.37 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. Stockholders of record on Thursday, June 25th will be given 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 dividend yield of 6.1%. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

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.