Firetrail Investments PTY Ltd. Takes $8.98 Million Position in Vail Resorts, Inc. $MTN

Firetrail Investments PTY Ltd. purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 66,330 shares of the company’s stock, valued at approximately $8,976,000. Vail Resorts makes up 2.5% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 19th largest position.

A number of other hedge funds have also recently made changes to their positions in MTN. BOKF NA boosted its stake in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the period. EverSource Wealth Advisors LLC grew its position in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Vail Resorts in the 3rd quarter valued at about $30,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after acquiring an additional 222 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Vail Resorts stock opened at $148.11 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The firm has a market cap of $5.28 billion, a P/E ratio of 33.66, a P/E/G ratio of 9.78 and a beta of 0.70. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $165.50. The firm has a 50-day moving average of $144.07 and a 200-day moving average of $136.13.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.54 EPS. Sell-side analysts expect that Vail Resorts, Inc. will post 4.32 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is currently 201.82%.

Analyst Ratings Changes

MTN has been the subject of a number of research analyst reports. Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Truist Financial lowered their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. JPMorgan Chase & Co. lifted their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Barclays lowered their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average price target of $149.83.

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.