CenterBook Partners LP Has $2.70 Million Position in Vail Resorts, Inc. $MTN

CenterBook Partners LP boosted its stake in Vail Resorts, Inc. (NYSE:MTN) by 423.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,074 shares of the company’s stock after purchasing an additional 14,624 shares during the quarter. CenterBook Partners LP owned about 0.05% of Vail Resorts worth $2,703,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares during the period. NBT Bank N A NY boosted its holdings in Vail Resorts by 450.0% in the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Vail Resorts by 196.8% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after acquiring an additional 124 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Vail Resorts during the second quarter valued at approximately $33,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Vail Resorts by 222.7% during the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Trading Up 0.9%

Shares of Vail Resorts stock opened at $143.24 on Friday. The firm has a market cap of $5.13 billion, a PE ratio of 21.00, a P/E/G ratio of 8.62 and a beta of 0.81. Vail Resorts, Inc. has a 1 year low of $126.15 and a 1 year high of $175.51. 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 stock has a fifty day moving average price of $140.06 and a 200-day moving average price of $146.24.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, beating the consensus estimate of ($5.23) by $0.03. The company had revenue of $271.03 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned ($4.61) earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, December 30th. Vail Resorts’s dividend payout ratio is 130.21%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MTN shares. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and upped their price objective for the stock from $159.00 to $165.00 in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vail Resorts in a research report on Monday, December 29th. Barclays set a $140.00 price target on shares of Vail Resorts in a research report on Wednesday, February 4th. Truist Financial decreased their price objective on Vail Resorts from $237.00 to $234.00 and set a “buy” rating for the company in a report on Monday, December 29th. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Four research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $173.27.

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.