Vail Resorts, Inc. $MTN Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in Vail Resorts, Inc. (NYSE:MTN) by 12.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 392,745 shares of the company’s stock after acquiring an additional 43,943 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.06% of Vail Resorts worth $61,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in Vail Resorts by 21.6% during the first quarter. Cetera Investment Advisers now owns 2,181 shares of the company’s stock worth $349,000 after buying an additional 388 shares during the period. LPL Financial LLC boosted its position in Vail Resorts by 11.1% during the 1st quarter. LPL Financial LLC now owns 20,559 shares of the company’s stock worth $3,290,000 after purchasing an additional 2,049 shares during the period. PNC Financial Services Group Inc. increased its holdings in Vail Resorts by 19.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,802 shares of the company’s stock valued at $448,000 after purchasing an additional 457 shares in the last quarter. New Age Alpha Advisors LLC raised its position in Vail Resorts by 30.8% in the first quarter. New Age Alpha Advisors LLC now owns 2,537 shares of the company’s stock valued at $406,000 after purchasing an additional 598 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Vail Resorts by 7.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company’s stock worth $206,252,000 after purchasing an additional 86,735 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Trading Up 0.2%

NYSE:MTN opened at $141.32 on Friday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 19.07, a P/E/G ratio of 2.38 and a beta of 0.81. The business has a 50 day simple moving average of $147.18 and a 200 day simple moving average of $152.59. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The firm had revenue of $271.29 million during the quarter, compared to the consensus estimate of $272.87 million. During the same quarter last year, the company posted ($4.67) EPS. Vail Resorts’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts predict 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 was paid on Monday, October 27th. Investors of record on Thursday, October 9th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 6.3%. Vail Resorts’s dividend payout ratio (DPR) is currently 119.84%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MTN. Morgan Stanley raised their target price on Vail Resorts from $146.00 to $153.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Mizuho reduced their target price on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Truist Financial dropped their price target on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Finally, Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and a consensus target price of $175.60.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of Vail Resorts stock in a transaction dated Tuesday, October 7th. The stock was bought at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. This trade represents a 4.47% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

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.