Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Cadence Bank

Cadence Bank boosted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,812 shares of the company's stock after buying an additional 8,500 shares during the quarter. Vail Resorts makes up about 0.8% of Cadence Bank's investment portfolio, making the stock its 24th largest holding. Cadence Bank owned approximately 0.17% of Vail Resorts worth $12,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Alberta Investment Management Corp bought a new stake in Vail Resorts during the fourth quarter valued at about $3,134,000. Western Pacific Wealth Management LP purchased a new position in Vail Resorts in the 4th quarter worth approximately $291,000. Mutual of America Capital Management LLC lifted its holdings in Vail Resorts by 146.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock worth $24,946,000 after purchasing an additional 79,183 shares in the last quarter. Vanguard Group Inc. boosted its stake in Vail Resorts by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after purchasing an additional 25,916 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Vail Resorts by 17.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock valued at $5,187,000 after buying an additional 4,080 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on MTN shares. JPMorgan Chase & Co. increased their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a report on Tuesday, March 11th. Barclays restated an "underweight" rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Mizuho lowered their target price on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Morgan Stanley reduced their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. Finally, Bank of America dropped their target price on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $190.20.

Vail Resorts Stock Up 1.3 %

Shares of MTN stock traded up $1.72 during trading hours on Wednesday, reaching $137.43. 263,634 shares of the company's stock were exchanged, compared to its average volume of 578,070. 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 company has a market cap of $5.13 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.93 and a beta of 0.93. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $206.55. The stock's 50 day moving average is $153.52 and its 200-day moving average is $169.22.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.76 earnings per share. Analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.46%. The ex-dividend date was Thursday, March 27th. Vail Resorts's payout ratio is 130.21%.

Insider Buying and Selling

In other news, CFO Angela A. Korch bought 185 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.

About Vail Resorts

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.