Landscape Capital Management L.L.C. Invests $3.20 Million in Vail Resorts, Inc. $MTN

Landscape Capital Management L.L.C. acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,474 shares of the company’s stock, valued at approximately $3,196,000. Landscape Capital Management L.L.C. owned about 0.07% of Vail Resorts as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Clearstead Advisors LLC boosted its holdings in Vail Resorts by 21.5% in the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock valued at $56,000 after purchasing an additional 75 shares in the last quarter. Comerica Bank lifted its position in shares of Vail Resorts by 0.4% during the 3rd quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after buying an additional 78 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Vail Resorts by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock worth $1,104,000 after buying an additional 100 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings 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 in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Vail Resorts by 32.9% in the 4th quarter. UMB Bank n.a. now owns 440 shares of the company’s stock valued at $58,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $152.93 on Friday. The firm’s fifty day simple moving average is $145.64 and its 200-day simple moving average is $136.73. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $165.50. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 9.91 and a beta of 0.70. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

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

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio is presently 201.82%.

Analyst Upgrades and Downgrades

MTN has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Truist Financial cut their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Finally, Mizuho set a $174.00 target price on Vail Resorts in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price 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.