Aigen Investment Management LP purchased a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,883 shares of the company's stock, valued at approximately $728,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bamco Inc. NY raised its stake in Vail Resorts by 2.7% in the third quarter. Bamco Inc. NY now owns 5,185,136 shares of the company's stock valued at $903,717,000 after buying an additional 136,328 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Vail Resorts by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company's stock valued at $225,348,000 after buying an additional 47,417 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Vail Resorts by 8.1% in the third quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company's stock valued at $119,734,000 after buying an additional 51,438 shares during the last quarter. Geode Capital Management LLC raised its stake in Vail Resorts by 1.3% in the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company's stock valued at $113,252,000 after buying an additional 8,422 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Vail Resorts by 13.2% in the fourth quarter. Bank of New York Mellon Corp now owns 416,586 shares of the company's stock valued at $78,089,000 after buying an additional 48,721 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a research note on Monday, December 9th. UBS Group began coverage on Vail Resorts in a report on Thursday, November 14th. They issued a "neutral" rating and a $185.00 price objective on the stock. StockNews.com raised Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday, December 13th. JPMorgan Chase & Co. cut their price objective on Vail Resorts from $176.00 to $166.00 and set an "underweight" rating on the stock in a report on Friday, January 17th. Finally, Truist Financial cut their price objective on Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $199.44.
Read Our Latest Stock Report on Vail Resorts
Vail Resorts Price Performance
MTN traded up $0.16 during trading on Friday, hitting $157.35. The company's stock had a trading volume of 646,693 shares, compared to its average volume of 550,371. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a twelve month low of $153.51 and a twelve month high of $233.57. The business's fifty day simple moving average is $169.61 and its 200 day simple moving average is $176.19. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.93 and a beta of 1.12.
Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same period last year, the company earned ($4.60) earnings per share. Vail Resorts's quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.
Vail Resorts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.64%. The ex-dividend date was Thursday, December 26th. Vail Resorts's payout ratio is currently 147.51%.
Vail Resorts Company Profile
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Free Report)
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.
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