Vail Resorts, Inc. (MTN) Sees Large Increase in Short Interest

Vail Resorts, Inc. (NYSE:MTN) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,123,372 shares, a growth of 53.9% from the October 31st total of 729,985 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 304,734 shares, the days-to-cover ratio is currently 3.7 days.

A number of equities research analysts recently commented on the company. Berenberg Bank raised Vail Resorts from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Macquarie raised Vail Resorts from a “neutral” rating to an “outperform” rating in a research report on Monday, October 15th. They noted that the move was a valuation call. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. KeyCorp increased their price target on Vail Resorts from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, October 1st. Finally, Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $293.11.

In related news, EVP Kirsten A. Lynch sold 9,078 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total value of $2,388,058.68. Following the completion of the sale, the executive vice president now directly owns 34,641 shares of the company’s stock, valued at approximately $9,112,661.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter A. Vaughn sold 400 shares of the stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $254.59, for a total value of $101,836.00. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Vail Resorts by 4.8% during the 3rd quarter. BlackRock Inc. now owns 2,236,333 shares of the company’s stock valued at $613,694,000 after purchasing an additional 101,527 shares during the last quarter. FMR LLC increased its position in shares of Vail Resorts by 8.2% during the 3rd quarter. FMR LLC now owns 1,383,743 shares of the company’s stock valued at $379,726,000 after purchasing an additional 105,357 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Vail Resorts by 11.5% during the 2nd quarter. Wells Fargo & Company MN now owns 501,642 shares of the company’s stock valued at $137,545,000 after purchasing an additional 51,896 shares during the last quarter. CI Investments Inc. increased its position in shares of Vail Resorts by 0.3% during the 3rd quarter. CI Investments Inc. now owns 366,500 shares of the company’s stock valued at $100,575,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Vail Resorts by 7.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 356,990 shares of the company’s stock valued at $97,965,000 after purchasing an additional 25,073 shares during the last quarter. 95.39% of the stock is owned by hedge funds and other institutional investors.

NYSE MTN opened at $271.77 on Friday. The firm has a market capitalization of $10.91 billion, a P/E ratio of 43.21 and a beta of 0.53. Vail Resorts has a 12 month low of $200.68 and a 12 month high of $302.76. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.68.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Friday, September 28th. The company reported ($2.07) EPS for the quarter, beating analysts’ consensus estimates of ($2.26) by $0.19. The business had revenue of $211.60 million during the quarter, compared to analyst estimates of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. Vail Resorts’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.43) EPS. Equities analysts expect that Vail Resorts will post 7.79 EPS for the current year.

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Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

Further Reading: Dividend Aristocrat Index

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