Hound Partners LLC Has $4.96 Million Stake in Vail Resorts, Inc. $MTN

Hound Partners LLC reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 35.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,624 shares of the company’s stock after selling 20,806 shares during the quarter. Vail Resorts comprises about 0.6% of Hound Partners LLC’s portfolio, making the stock its 23rd biggest position. Hound Partners LLC’s holdings in Vail Resorts were worth $4,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. BOKF NA raised its position in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 last quarter. Golden State Wealth Management LLC increased its stake in shares of Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. Danske Bank A S bought a new stake in shares of Vail Resorts during the third quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Stock Up 0.1%

NYSE:MTN opened at $145.92 on Monday. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $165.50. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The firm has a market capitalization of $5.20 billion, a P/E ratio of 33.16, a P/E/G ratio of 13.68 and a beta of 0.71. The stock’s fifty day simple moving average is $138.19 and its 200-day simple moving average is $135.01.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm earned $10.54 earnings per share. Equities research analysts expect that Vail Resorts, Inc. will post 4.31 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a dividend of $2.22 per share. The ex-dividend date was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.1%. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MTN. Barclays decreased their price target on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a report on Tuesday, June 9th. JPMorgan Chase & Co. upped 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. Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Finally, UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $151.45.

About Vail Resorts

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.