Vail Resorts, Inc. (NYSE:MTN) Sees Large Decline in Short Interest

Vail Resorts, Inc. (NYSE:MTN) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,060,000 shares, a decrease of 14.5% from the February 28th total of 2,410,000 shares. Based on an average trading volume of 610,900 shares, the days-to-cover ratio is presently 3.4 days. Approximately 5.7% of the shares of the stock are sold short.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company’s stock, valued at approximately $472,960. The trade was a 6.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Miracle Mile Advisors LLC increased its holdings in Vail Resorts by 3.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company’s stock valued at $398,000 after purchasing an additional 65 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Vail Resorts by 20.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock worth $74,000 after buying an additional 67 shares during the period. Sterling Capital Management LLC grew its stake in shares of Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after buying an additional 69 shares in the last quarter. Accretive Wealth Partners LLC raised its holdings in shares of Vail Resorts by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock valued at $992,000 after buying an additional 80 shares during the period. Finally, UMB Bank n.a. lifted its position in Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MTN. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Macquarie lowered their target price on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Stifel Nicolaus upped their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. Finally, Truist Financial decreased their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus target price of $193.56.

Vail Resorts Price Performance

Shares of Vail Resorts stock traded up $1.85 during trading on Wednesday, hitting $159.79. 60,169 shares of the company were exchanged, compared to its average volume of 568,111. The firm has a 50 day moving average price of $162.80 and a 200 day moving average price of $173.82. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts has a fifty-two week low of $151.99 and a fifty-two week high of $233.57.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.76 earnings per share. On average, equities analysts expect that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 5.56%. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.