Alps Advisors Inc. Purchases 10,629 Shares of Vail Resorts, Inc. $MTN

Alps Advisors Inc. boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,377 shares of the company’s stock after acquiring an additional 10,629 shares during the period. Alps Advisors Inc. owned 0.31% of Vail Resorts worth $16,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hantz Financial Services Inc. increased its stake in shares of Vail Resorts by 156.7% in the third quarter. Hantz Financial Services Inc. now owns 629 shares of the company’s stock worth $94,000 after purchasing an additional 384 shares during the period. Cornerstone Planning Group LLC grew its holdings in Vail Resorts by 20,513.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 3,092 shares of the company’s stock valued at $462,000 after buying an additional 3,077 shares during the last quarter. Allianz Asset Management GmbH increased its position in Vail Resorts by 17.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 12,951 shares of the company’s stock worth $1,937,000 after buying an additional 1,879 shares during the period. AlphaQuest LLC lifted its holdings in shares of Vail Resorts by 112.3% during the third quarter. AlphaQuest LLC now owns 5,188 shares of the company’s stock worth $776,000 after buying an additional 2,744 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Vail Resorts by 0.9% during the third quarter. Arizona State Retirement System now owns 10,993 shares of the company’s stock worth $1,644,000 after buying an additional 97 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

Vail Resorts stock opened at $138.83 on Monday. The business has a 50 day simple moving average of $140.80 and a 200 day simple moving average of $147.11. 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 company has a market capitalization of $4.97 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 8.41 and a beta of 0.81. Vail Resorts, Inc. has a one year low of $126.15 and a one year high of $175.51.

Vail Resorts (NYSE:MTN) last issued its earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, beating the consensus estimate of ($5.23) by $0.03. The company had revenue of $271.03 million for the quarter, compared to the consensus estimate of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($4.61) EPS. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were paid a $2.22 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.4%. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Analyst Ratings Changes

MTN has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $159.00 to $165.00 in a research note on Tuesday, January 13th. Truist Financial reduced their price target on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating for the company in a report on Monday, December 29th. Wall Street Zen downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. UBS Group reaffirmed a “neutral” rating and set a $169.00 price objective on shares of Vail Resorts in a research report on Friday, January 16th. Finally, Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and an average target price of $173.27.

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.