Aperture Investors LLC Purchases Shares of 145,651 Vail Resorts, Inc. $MTN

Aperture Investors LLC purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 145,651 shares of the company’s stock, valued at approximately $22,886,000. Vail Resorts comprises approximately 3.0% of Aperture Investors LLC’s portfolio, making the stock its 11th biggest position. Aperture Investors LLC owned about 0.39% of Vail Resorts at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. GRS Advisors LLC bought a new stake in Vail Resorts during the second quarter valued at approximately $71,753,000. Norges Bank purchased a new stake in shares of Vail Resorts during the 2nd quarter valued at $51,685,000. First Pacific Advisors LP lifted its holdings in shares of Vail Resorts by 23.4% during the 2nd quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock worth $156,146,000 after acquiring an additional 188,151 shares during the last quarter. Hsbc Holdings PLC grew its position in Vail Resorts by 9,378.0% in the first quarter. Hsbc Holdings PLC now owns 125,962 shares of the company’s stock worth $20,018,000 after acquiring an additional 124,633 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in Vail Resorts by 355.2% in the first quarter. Trexquant Investment LP now owns 142,522 shares of the company’s stock valued at $22,806,000 after acquiring an additional 111,213 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MTN. Zacks Research downgraded Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price objective (down from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Mizuho dropped their target price on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Truist Financial cut their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Finally, Bank of America decreased their price target on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Three 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $175.30.

Vail Resorts Trading Up 0.9%

MTN opened at $145.23 on Wednesday. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56. The business has a 50 day simple moving average of $146.94 and a two-hundred day simple moving average of $152.55. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.43 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). The business had revenue of $271.29 million during the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.Vail Resorts’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($4.67) earnings per share. Analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Thursday, October 9th. Vail Resorts’s payout ratio is presently 119.84%.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 210 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was acquired at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. This trade represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

Vail Resorts Company 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.