177,575 Shares in Vail Resorts, Inc. (NYSE:MTN) Acquired by DnB Asset Management AS

DnB Asset Management AS purchased a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 177,575 shares of the company's stock, valued at approximately $33,286,000. DnB Asset Management AS owned 0.47% of Vail Resorts at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in Vail Resorts during the fourth quarter valued at $33,000. Blue Trust Inc. boosted its position in shares of Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after acquiring an additional 148 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Vail Resorts during the fourth quarter worth about $40,000. UMB Bank n.a. increased its position in shares of Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after purchasing an additional 83 shares during the last quarter. Finally, Quarry LP increased its position in shares of Vail Resorts by 418.6% in the third quarter. Quarry LP now owns 363 shares of the company's stock worth $63,000 after purchasing an additional 293 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch bought 185 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now owns 2,956 shares of the company's stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Macquarie cut their target price on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Mizuho lowered their price target on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley dropped their price target on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. Finally, StockNews.com raised Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $193.56.

Vail Resorts Trading Down 1.4 %

MTN stock traded down $2.16 during midday trading on Tuesday, hitting $157.86. The company had a trading volume of 720,574 shares, compared to its average volume of 569,429. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The stock's 50 day moving average price is $163.21 and its 200 day moving average price is $173.98.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.76 EPS. As a group, equities research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 5.63%. Vail Resorts's payout ratio is presently 130.21%.

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.