Bayforest Capital Ltd Sells 183 Shares of Vail Resorts, Inc. $MTN

Bayforest Capital Ltd lowered its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 7.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,342 shares of the company’s stock after selling 183 shares during the period. Bayforest Capital Ltd’s holdings in Vail Resorts were worth $368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp bought a new stake in Vail Resorts during the 1st quarter worth $29,000. Farther Finance Advisors LLC grew its position in Vail Resorts by 676.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after acquiring an additional 169 shares during the last quarter. Signaturefd LLC grew its position in Vail Resorts by 217.6% during the 2nd quarter. Signaturefd LLC now owns 216 shares of the company’s stock worth $34,000 after acquiring an additional 148 shares during the last quarter. Golden State Wealth Management LLC grew its position in Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in Vail Resorts during the 1st quarter worth $40,000. Institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MTN shares. Bank of America reduced their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Mizuho reduced their price target on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price target (down previously from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Three equities research 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. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus price target of $174.90.

Vail Resorts Stock Down 4.3%

Shares of NYSE:MTN opened at $147.57 on Thursday. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.60 and a beta of 0.86. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56. The business’s 50-day moving average is $152.95 and its 200-day moving average is $151.98. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). The business had revenue of $271.29 million during the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($4.67) earnings per share. Equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be paid 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 of this dividend is Thursday, October 9th. Vail Resorts’s payout ratio is currently 119.84%.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were bought at an average cost of $155.00 per share, with a total value of $32,550.00. Following the purchase, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at $760,275. This trade represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

About Vail Resorts

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.