Handelsinvest Investeringsforvaltning increased its position in shares of Vail Resorts, Inc. (NYSE:MTN – Get Rating) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,100 shares of the company’s stock after purchasing an additional 5,100 shares during the period. Handelsinvest Investeringsforvaltning owned 0.08% of Vail Resorts worth $7,353,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Millennium Management LLC boosted its stake in Vail Resorts by 157.0% in the second quarter. Millennium Management LLC now owns 532,815 shares of the company’s stock valued at $116,180,000 after acquiring an additional 325,503 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Vail Resorts by 38.1% in the second quarter. Macquarie Group Ltd. now owns 656,205 shares of the company’s stock valued at $143,086,000 after acquiring an additional 181,198 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Vail Resorts in the third quarter valued at $37,123,000. Renaissance Technologies LLC acquired a new position in Vail Resorts in the second quarter valued at $29,960,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Vail Resorts by 369.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 158,011 shares of the company’s stock valued at $41,126,000 after acquiring an additional 124,379 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on MTN. Truist Financial upped their target price on shares of Vail Resorts from $270.00 to $292.00 and gave the company a “hold” rating in a report on Thursday, December 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $286.00 to $283.00 and set a “hold” rating for the company in a report on Thursday, September 29th. JPMorgan Chase & Co. upped their target price on shares of Vail Resorts from $246.00 to $262.00 and gave the company a “neutral” rating in a report on Monday, December 12th. Barclays upped their target price on shares of Vail Resorts from $228.00 to $232.00 and gave the company an “underweight” rating in a report on Monday, December 12th. Finally, StockNews.com began coverage on shares of Vail Resorts in a report on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $282.43.
Insider Activity
In other news, CFO Michael Z. Barkin sold 6,891 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $258.92, for a total value of $1,784,217.72. Following the sale, the chief financial officer now directly owns 14,303 shares in the company, valued at $3,703,332.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.15% of the company’s stock.
Vail Resorts Trading Down 1.0 %
NYSE MTN opened at $251.75 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $249.47 and a 200 day moving average price of $233.66. Vail Resorts, Inc. has a 52-week low of $201.91 and a 52-week high of $285.29. The stock has a market capitalization of $10.15 billion, a P/E ratio of 29.81, a P/E/G ratio of 0.67 and a beta of 1.16.
Vail Resorts (NYSE:MTN – Get Rating) last issued its earnings results on Thursday, December 8th. The company reported ($3.40) earnings per share for the quarter, missing the consensus estimate of ($3.17) by ($0.23). Vail Resorts had a return on equity of 19.31% and a net margin of 13.32%. The company had revenue of $279.45 million for the quarter, compared to analyst estimates of $246.07 million. Equities research analysts expect that Vail Resorts, Inc. will post 8.96 EPS for the current year.
Vail Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Tuesday, December 27th were given a $1.91 dividend. The ex-dividend date was Friday, December 23rd. This represents a $7.64 annualized dividend and a dividend yield of 3.03%. Vail Resorts’s dividend payout ratio is presently 89.57%.
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.