Hound Partners LLC Has $11.72 Million Holdings in Vail Resorts, Inc. $MTN

Hound Partners LLC grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 48.9% during the second quarter, HoldingsChannel.com reports. The firm owned 74,570 shares of the company’s stock after acquiring an additional 24,477 shares during the quarter. Vail Resorts makes up about 1.6% of Hound Partners LLC’s holdings, making the stock its 19th biggest holding. Hound Partners LLC’s holdings in Vail Resorts were worth $11,717,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MTN. Bamco Inc. NY raised its holdings in Vail Resorts by 3.6% in the 2nd quarter. Bamco Inc. NY now owns 5,475,549 shares of the company’s stock valued at $860,373,000 after acquiring an additional 191,327 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Vail Resorts by 2.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,320,763 shares of the company’s stock worth $207,531,000 after purchasing an additional 31,852 shares during the period. First Pacific Advisors LP grew its stake in Vail Resorts by 23.4% during the second quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock worth $156,146,000 after buying an additional 188,151 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Vail Resorts by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 691,467 shares of the company’s stock valued at $108,668,000 after buying an additional 2,274 shares in the last quarter. Finally, GRS Advisors LLC bought a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $71,753,000. 94.90% of the stock is currently owned by institutional investors.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 210 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average cost of $155.00 per share, with a total value of $32,550.00. Following the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. This represents a 4.47% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Vail Resorts Stock Up 4.5%

Vail Resorts stock opened at $161.74 on Friday. The company has a market capitalization of $5.80 billion, a PE ratio of 23.71, a PEG ratio of 2.62 and a beta of 0.81. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $194.47. The firm’s fifty day moving average is $146.79 and its 200 day moving average is $152.59. The company has a quick ratio of 0.56, a current ratio of 0.54 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, beating the consensus estimate of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm had revenue of $271.03 million during the quarter, compared to the consensus estimate of $273.35 million. During the same period in the previous year, the firm posted ($4.61) earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Tuesday, December 30th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $8.88 annualized dividend and a dividend yield of 5.5%. Vail Resorts’s payout ratio is presently 130.21%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MTN shares. Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Weiss Ratings upgraded Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Barclays dropped their price objective on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research report on Tuesday, September 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price target (down from $180.00) on shares of Vail Resorts in a research note on Tuesday, September 30th. Finally, Morgan Stanley boosted their price objective on Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $176.50.

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.