Vail Resorts, Inc. (NYSE:MTN) Stake Increased by Xponance Inc.

Xponance Inc. raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,049 shares of the company’s stock after acquiring an additional 414 shares during the quarter. Xponance Inc.’s holdings in Vail Resorts were worth $1,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MTN. Evergreen Capital Management LLC bought a new position in shares of Vail Resorts during the second quarter worth about $217,000. Epoch Investment Partners Inc. raised its stake in Vail Resorts by 6.7% during the second quarter. Epoch Investment Partners Inc. now owns 242,887 shares of the company’s stock worth $43,751,000 after acquiring an additional 15,246 shares during the period. Frank Rimerman Advisors LLC bought a new stake in shares of Vail Resorts in the 2nd quarter worth approximately $412,000. XTX Topco Ltd acquired a new position in Vail Resorts during the 2nd quarter valued at approximately $315,000. Finally, Amalgamated Bank grew its stake in Vail Resorts by 7.7% during the 2nd quarter. Amalgamated Bank now owns 22,379 shares of the company’s stock worth $4,031,000 after buying an additional 1,603 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

NYSE MTN opened at $180.65 on Friday. Vail Resorts, Inc. has a 12 month low of $165.14 and a 12 month high of $242.47. The firm has a market capitalization of $6.80 billion, a PE ratio of 24.58, a P/E/G ratio of 2.56 and a beta of 1.14. The company’s 50 day simple moving average is $179.54 and its 200 day simple moving average is $191.96. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted ($3.35) earnings per share. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 6.44 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 4.92%. Vail Resorts’s dividend payout ratio is currently 120.82%.

Analysts Set New Price Targets

A number of research firms have issued reports on MTN. Mizuho cut their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Barclays dropped their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday. Stifel Nicolaus reduced their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday. Finally, StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $211.75.

Vail Resorts 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.