Vail Resorts, Inc. (NYSE:MTN) Sees Large Decline in Short Interest

Vail Resorts, Inc. (NYSE:MTNGet Rating) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 754,600 shares, a decline of 22.5% from the March 31st total of 973,300 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 446,900 shares, the days-to-cover ratio is currently 1.7 days.

Several hedge funds and other institutional investors have recently modified their holdings of MTN. Camden Capital LLC bought a new position in shares of Vail Resorts in the fourth quarter worth approximately $958,000. Norges Bank bought a new position in Vail Resorts during the fourth quarter valued at approximately $130,083,000. Ardevora Asset Management LLP bought a new position in Vail Resorts during the first quarter valued at approximately $55,151,000. Lord Abbett & CO. LLC bought a new position in Vail Resorts during the third quarter valued at approximately $54,979,000. Finally, Candlestick Capital Management LP bought a new position in Vail Resorts during the third quarter valued at approximately $54,305,000.

Several equities analysts recently issued reports on MTN shares. Stifel Nicolaus boosted their price target on shares of Vail Resorts from $262.00 to $274.00 and gave the company a “hold” rating in a research report on Wednesday, March 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $305.00 to $303.00 and set a “hold” rating on the stock in a research report on Tuesday, April 26th. StockNews.com started coverage on shares of Vail Resorts in a research report on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of Vail Resorts from $345.00 to $314.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 19th. Finally, KeyCorp dropped their price objective on shares of Vail Resorts from $370.00 to $330.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 15th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $328.25.

Shares of NYSE MTN opened at $260.97 on Thursday. The firm’s 50 day moving average price is $255.50 and its 200-day moving average price is $295.74. The company has a market cap of $10.58 billion, a PE ratio of 49.61 and a beta of 1.19. Vail Resorts has a 52-week low of $221.38 and a 52-week high of $376.24. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.44 and a current ratio of 1.53.

Vail Resorts (NYSE:MTNGet Rating) last issued its earnings results on Monday, March 14th. The company reported $5.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.72 by ($0.25). The firm had revenue of $906.54 million during the quarter, compared to the consensus estimate of $954.87 million. Vail Resorts had a return on equity of 11.91% and a net margin of 10.02%. The company’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.62 EPS. On average, analysts forecast that Vail Resorts will post 8.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Wednesday, March 30th were paid a $1.91 dividend. This represents a $7.64 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Tuesday, March 29th. This is an increase from Vail Resorts’s previous quarterly dividend of $0.88. Vail Resorts’s dividend payout ratio is currently 145.25%.

Vail Resorts Company Profile (Get Rating)

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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.

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