Confluence Investment Management LLC Makes New Investment in Vail Resorts, Inc. $MTN

Confluence Investment Management LLC acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 54,555 shares of the company’s stock, valued at approximately $8,160,000. Confluence Investment Management LLC owned 0.15% of Vail Resorts at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MTN. Argonautica Private Wealth Management Inc. boosted its holdings in Vail Resorts by 4.9% during the second quarter. Argonautica Private Wealth Management Inc. now owns 1,719 shares of the company’s stock worth $270,000 after buying an additional 81 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in shares of Vail Resorts by 2.4% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 3,722 shares of the company’s stock worth $557,000 after acquiring an additional 87 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Vail Resorts by 3.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,896 shares of the company’s stock worth $455,000 after acquiring an additional 94 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Vail Resorts by 0.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 16,585 shares of the company’s stock valued at $2,606,000 after acquiring an additional 108 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Vail Resorts by 9.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,363 shares of the company’s stock valued at $214,000 after acquiring an additional 113 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial reduced their price target on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Barclays reduced their target price on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft set a $169.00 price target on shares of Vail Resorts in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vail Resorts in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $176.30.

Vail Resorts Stock Performance

NYSE:MTN opened at $142.42 on Wednesday. The company’s 50-day moving average is $146.85 and its two-hundred day moving average is $152.34. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $191.85. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 11.30 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last posted its earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, beating analysts’ consensus estimates of ($5.23) by $0.03. The company had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. Vail Resorts’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($4.61) earnings per share. Analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th will be paid a dividend of $2.22 per share. The ex-dividend date is Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a yield of 6.2%. Vail Resorts’s dividend payout ratio is 130.21%.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of the stock in a transaction dated Tuesday, October 7th. The stock was acquired at an average price of $155.00 per share, with a total value of $32,550.00. Following the completion of the purchase, the chief financial officer owned 4,905 shares in the company, valued at $760,275. This trade represents a 4.47% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

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.