Annis Gardner Whiting Capital Advisors LLC Invests $1 Million in Vail Resorts, Inc. $MTN

Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,700 shares of the company’s stock, valued at approximately $1,002,000.

A number of other large investors also recently added to or reduced their stakes in the business. 111 Capital grew its holdings in Vail Resorts by 116.3% in the 2nd quarter. 111 Capital now owns 6,172 shares of the company’s stock worth $970,000 after acquiring an additional 3,319 shares during the last quarter. World Investment Advisors purchased a new stake in shares of Vail Resorts during the third quarter worth about $1,118,000. Confluence Investment Management LLC bought a new stake in shares of Vail Resorts in the third quarter worth about $8,160,000. Rice Hall James & Associates LLC grew its stake in shares of Vail Resorts by 11.4% in the third quarter. Rice Hall James & Associates LLC now owns 115,724 shares of the company’s stock worth $17,309,000 after purchasing an additional 11,809 shares during the last quarter. Finally, Eldred Rock Partners LLC purchased a new position in Vail Resorts during the 3rd quarter valued at about $13,562,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Trading Down 0.4%

NYSE:MTN opened at $132.94 on Thursday. The firm has a market capitalization of $4.76 billion, a P/E ratio of 19.49, a PEG ratio of 8.10 and a beta of 0.81. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. Vail Resorts, Inc. has a one year low of $129.41 and a one year high of $175.51. The company’s 50-day simple moving average is $141.48 and its 200 day simple moving average is $148.54.

Vail Resorts (NYSE:MTN) last released its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm had revenue of $271.03 million during the quarter, compared to analyst estimates of $273.35 million. During the same period last year, the business earned ($4.61) earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. As a group, analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were paid a dividend of $2.22 per share. The ex-dividend date was Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a yield of 6.7%. Vail Resorts’s payout ratio is presently 130.21%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MTN. Jefferies Financial Group upgraded Vail Resorts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $159.00 to $165.00 in a report on Tuesday, January 13th. Truist Financial decreased their target price on Vail Resorts from $237.00 to $234.00 and set a “buy” rating for the company in a report on Monday, December 29th. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. UBS Group reissued a “neutral” rating and set a $169.00 price objective on shares of Vail Resorts in a research report on Friday, January 16th. Finally, Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $173.73.

Vail Resorts Company 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.