Firetrail Investments PTY Ltd. Takes $8.98 Million Position in Vail Resorts, Inc. $MTN

Firetrail Investments PTY Ltd. bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 66,330 shares of the company’s stock, valued at approximately $8,976,000. Vail Resorts makes up about 2.5% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 19th largest position. Firetrail Investments PTY Ltd. owned approximately 0.19% of Vail Resorts at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors lifted its holdings in shares of Vail Resorts by 6.1% in the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after purchasing an additional 182,982 shares in the last quarter. Oasis Management Co Ltd. raised its position in Vail Resorts by 8.3% in the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after buying an additional 141,500 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Vail Resorts by 26.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after buying an additional 201,750 shares during the last quarter. UBS Group AG lifted its stake in Vail Resorts by 22.4% during the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock valued at $106,723,000 after acquiring an additional 130,460 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Vail Resorts by 13.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 680,278 shares of the company’s stock valued at $90,342,000 after acquiring an additional 78,970 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Stock Performance

NYSE MTN opened at $148.11 on Monday. The company’s 50 day moving average is $144.07 and its 200-day moving average is $136.13. 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, Inc. has a 12-month low of $118.51 and a 12-month high of $165.50. The firm has a market cap of $5.28 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 9.78 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 EPS 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 the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.Vail Resorts’s revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $10.54 earnings per share. Sell-side analysts predict that Vail Resorts, Inc. will post 4.32 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. Vail Resorts’s dividend payout ratio is 201.82%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MTN. JPMorgan Chase & Co. boosted their price target on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Stifel Nicolaus dropped their target price on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. The Goldman Sachs Group assumed coverage on Vail Resorts in a research note on Thursday. They issued a “sell” rating and a $132.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Finally, Truist Financial decreased 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 investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $149.83.

Vail Resorts 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.