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MTN Vail Resorts

Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts' subsidiaries operate 37 world-class destination mountain resorts and regional ski areas, including Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts.

Company profile

MTN stock data

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Calendar

7 Jun 21
27 Jul 21
31 Jul 21
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 20
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Annual (USD)
Jul 20 Jul 19 Jul 18 Jul 17
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 21 Peter A Vaughn Common Stock Sell Dispose S No No 321.93 1,000 321.93K 7,025
14 Jun 21 Katz Robert A Common Stock Sell Dispose S No No 322.81 30,358 9.8M 262,524
14 Jun 21 Katz Robert A Common Stock Sell Dispose S No No 321.88 29,956 9.64M 292,882
14 Jun 21 Katz Robert A Common Stock Sell Dispose S No No 320.62 31,347 10.05M 322,838
10 Jun 21 Michael Z Barkin Common Stock Sell Dispose S No No 318.9 184 58.68K 17,556
10 Jun 21 Michael Z Barkin Common Stock Sell Dispose S No No 317.8 1,308 415.68K 17,740
10 Jun 21 Michael Z Barkin Common Stock Payment of exercise Dispose F No No 320.83 2,508 804.64K 19,048
10 Jun 21 Michael Z Barkin Common Stock Option exercise Aquire M No No 107.42 4,000 429.68K 21,556
10 Jun 21 Michael Z Barkin Share Appreciation Right Common Stock Option exercise Dispose M No No 107.42 4,000 429.68K 4,169
9 Jun 21 Katz Robert A Common Stock Payment of exercise Dispose F No No 319.94 56,077 17.94M 354,185

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

94.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 426 406 +4.9%
Opened positions 76 71 +7.0%
Closed positions 56 42 +33.3%
Increased positions 132 108 +22.2%
Reduced positions 130 147 -11.6%
13F shares
Current Prev Q Change
Total value 11.05B 11.44B -3.4%
Total shares 37.87M 41.47M -8.7%
Total puts 395.22K 277.8K +42.3%
Total calls 255.1K 141.8K +79.9%
Total put/call ratio 1.5 2.0 -20.9%
Largest owners
Shares Value Change
Bamco 4.49M $1.31B +1.5%
TROW T. Rowe Price 4.14M $1.21B -15.8%
Vanguard 3.58M $1.04B +1.2%
BLK Blackrock 3.19M $929.43M +24.6%
APG Asset Management 2.1M $609.92M -0.5%
PFG Principal Financial Group Inc - Registered Shares 1.83M $534.51M -0.6%
Select Equity 1.33M $389.26M -24.3%
FMR 1.26M $368.4M -15.5%
STT State Street 922.25K $268.98M -1.5%
Capital International Investors 831.17K $242.42M -56.5%
Largest transactions
Shares Bought/sold Change
APG Asset Management US 0 -2.2M EXIT
Capital International Investors 831.17K -1.08M -56.5%
TROW T. Rowe Price 4.14M -779.42K -15.8%
BLK Blackrock 3.19M +629.42K +24.6%
Select Equity 1.33M -428.49K -24.3%
Lord, Abbett & Co. 0 -396.87K EXIT
Norges Bank 0 -391.54K EXIT
WDR Waddell & Reed Financial 357.83K +357.83K NEW
GS Goldman Sachs 417.79K +351.48K +530.0%
Wellington Management 24.67K -301.98K -92.4%

Financial report summary

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Competition
Doubletree
Risks
  • Leisure travel is particularly susceptible to various factors outside of our control, including terrorism, the uncertainty of military conflicts, the cost and availability of travel options and changing consumer preferences or willingness to travel.
  • We are subject to the risk of prolonged weakness in general economic conditions including adverse effects on the overall travel and leisure related industries.
  • We are vulnerable to unfavorable weather conditions and the impact of natural disasters.
  • Failure to maintain the integrity and security of our internal, employee or guest data could result in damages to our reputation and subject us to costs, fines or lawsuits.
  • Our business is highly seasonal.
  • We face significant competition.
  • The high fixed cost structure of mountain resort operations can result in significantly lower margins if revenues decline.
  • We may not be able to fund resort capital expenditures.
  • We rely on various government permits and landlord approvals at our U.S. resorts.
  • We rely on foreign government leases and landlord approvals, and are subject to certain related laws and regulations, at our international resorts.
  • We are subject to extensive environmental and health and safety laws and regulations in the ordinary course of business.
  • We rely on information technology to operate our businesses and maintain our competitiveness, and any failure to adapt to technological developments or industry trends could harm our business or competitive position.
  • We may not be able to hire, train, reward and retain adequate team members and determine and maintain adequate staffing, which may impact our ability to achieve our operating, growth and financial objectives.
  • We depend on a seasonal workforce.
  • We are subject to risks associated with our workforce, including increased labor costs.
  • If we do not retain our key personnel, our business may suffer.
  • We are subject to litigation in the ordinary course of business.
  • Our business depends on the quality and reputation of our brands, and any deterioration in the quality or reputation of these brands could have an adverse impact on our business.
  • There is a risk of accidents occurring at our mountain resorts or competing mountain resorts which may reduce visitation and negatively impact our operations.
  • Our acquisitions might not be successful.
  • Our international operations subject us to additional risks.
  • Exchange rate fluctuations could result in significant foreign currency gains and losses and affect our business results.
  • We are subject to accounting and tax regulations and use certain estimates and judgments that may differ significantly from actual results, including adverse determinations by tax authorities.
  • Our stock price is highly volatile.
  • We cannot provide assurance that we will pay dividends, or if paid, that dividend payments will be consistent with historical levels.
  • Anti-takeover provisions affecting us could prevent or delay a change of control that is beneficial to our stockholders.
  • Our indebtedness could adversely affect our financial condition and our ability to operate our business, to react to changes in the economy or our industry, to fulfill our obligations under the Notes, to pay our other debts, and could divert our cash flow from operations for debt payments.
  • Restrictions imposed by the terms of our indebtedness may prevent us from capitalizing on business opportunities.
Management Discussion
  • The consolidated condensed results of operations, including any consolidated financial metrics pertaining thereto, include the operations of Peak Resorts (acquired September 24, 2019), prospectively from the date of acquisition.
  • As a result of the outbreak of COVID-19, we announced the early closure of the 2019/2020 North American ski season for our Resorts, lodging properties and retail/rental stores beginning on March 15, 2020. These actions (the “Resort Closures”) had a significant adverse impact on our results of operations for the three and nine months ended April 30, 2020. Additionally, the COVID-19 pandemic continued to have an adverse impact on our results of operations for the three and nine months ended April 30, 2021, as further described below in our segment results of operations.
  • Mountain segment operating results for the three months ended April 30, 2021 and 2020 are presented by category as follows (in thousands, except effective ticket price (“ETP”)). ETP is calculated as lift revenue divided by total skier visits for each applicable period presented.
Content analysis
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New words: campaign, density, distancing, encompassed, fall, Green, lack, logistical, relocating, Ridge, stronger, talent, temporarily, trend, voluntarily
Removed: adjust, discrete, dramatic, launched, nationally, people, positioned, pressure, province, recession, remain, slowdown