Hsbc Holdings PLC Buys 104,748 Shares of Vail Resorts, Inc. $MTN

Hsbc Holdings PLC boosted its stake in Vail Resorts, Inc. (NYSE:MTN) by 83.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,710 shares of the company’s stock after buying an additional 104,748 shares during the quarter. Hsbc Holdings PLC owned approximately 0.62% of Vail Resorts worth $35,992,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTN. Cetera Investment Advisers grew its holdings in shares of Vail Resorts by 21.6% in the 1st quarter. Cetera Investment Advisers now owns 2,181 shares of the company’s stock worth $349,000 after purchasing an additional 388 shares during the last quarter. LPL Financial LLC boosted its position in Vail Resorts by 11.1% in the first quarter. LPL Financial LLC now owns 20,559 shares of the company’s stock valued at $3,290,000 after buying an additional 2,049 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Vail Resorts by 19.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,802 shares of the company’s stock worth $448,000 after buying an additional 457 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in shares of Vail Resorts by 30.8% during the first quarter. New Age Alpha Advisors LLC now owns 2,537 shares of the company’s stock worth $406,000 after buying an additional 598 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Vail Resorts by 7.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company’s stock valued at $206,252,000 after acquiring an additional 86,735 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MTN shares. Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Bank of America lowered their target price on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Truist Financial cut their price target on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, September 17th. Finally, Mizuho lowered their price objective on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average price target of $175.60.

Vail Resorts Stock Performance

Shares of NYSE:MTN opened at $138.82 on Tuesday. The stock has a market capitalization of $4.98 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.50 and a beta of 0.90. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The business has a 50-day moving average price of $147.62 and a two-hundred day moving average price of $152.85.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The business had revenue of $271.29 million during the quarter, compared to the consensus estimate 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 last year, the business posted ($4.67) EPS. Equities 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 announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, October 9th. This represents a $8.88 annualized dividend and a dividend yield of 6.4%. Vail Resorts’s payout ratio is presently 119.84%.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 210 shares of Vail Resorts stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

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.