KLP Kapitalforvaltning AS Invests $1.50 Million in Vail Resorts, Inc. (NYSE:MTN)

KLP Kapitalforvaltning AS bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,900 shares of the company's stock, valued at approximately $1,496,000.

A number of other large investors have also bought and sold shares of the stock. Pathstone Holdings LLC boosted its position in shares of Vail Resorts by 39.9% during the 3rd quarter. Pathstone Holdings LLC now owns 8,962 shares of the company's stock worth $1,562,000 after purchasing an additional 2,557 shares in the last quarter. Cerity Partners LLC boosted its holdings in Vail Resorts by 11.2% in the third quarter. Cerity Partners LLC now owns 11,537 shares of the company's stock worth $2,011,000 after acquiring an additional 1,162 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Vail Resorts by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,435 shares of the company's stock worth $599,000 after acquiring an additional 440 shares in the last quarter. FMR LLC grew its stake in Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company's stock valued at $36,219,000 after acquiring an additional 190,210 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Vail Resorts during the third quarter valued at approximately $1,445,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

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Analyst Ratings Changes

A number of research analysts have recently issued reports on MTN shares. Stifel Nicolaus lifted their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 11th. Mizuho cut their target price 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. StockNews.com raised Vail Resorts from a "sell" rating to a "hold" rating in a research report on Friday, December 13th. Finally, Truist Financial dropped their price objective on Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $193.56.

Vail Resorts Stock Performance

Shares of MTN traded down $2.39 during mid-day trading on Tuesday, hitting $157.63. The stock had a trading volume of 352,036 shares, compared to its average volume of 568,018. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The business has a fifty day moving average price of $163.21 and a 200-day moving average price of $173.98. The firm has a market cap of $5.89 billion, a P/E ratio of 26.15, a PEG ratio of 1.93 and a beta of 1.12.

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

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts's payout ratio is currently 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.