California First Leasing Corp Increases Stake in Vail Resorts, Inc. (NYSE:MTN)

California First Leasing Corp boosted its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 24.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,648 shares of the company's stock after purchasing an additional 2,840 shares during the period. Vail Resorts comprises 1.1% of California First Leasing Corp's portfolio, making the stock its 28th biggest holding. California First Leasing Corp's holdings in Vail Resorts were worth $2,746,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mutual of America Capital Management LLC boosted its holdings in shares of Vail Resorts by 146.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock worth $24,946,000 after buying an additional 79,183 shares during the last quarter. VELA Investment Management LLC raised its position in Vail Resorts by 7.3% in the fourth quarter. VELA Investment Management LLC now owns 1,902 shares of the company's stock worth $357,000 after acquiring an additional 130 shares during the period. Prosperitas Financial LLC purchased a new position in shares of Vail Resorts during the 4th quarter worth $1,019,000. Oppenheimer & Co. Inc. grew its position in shares of Vail Resorts by 4.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 21,329 shares of the company's stock valued at $3,998,000 after acquiring an additional 986 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Vail Resorts in the 4th quarter worth $187,000. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MTN. Macquarie lifted their target price on Vail Resorts from $180.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price objective on Vail Resorts from $176.00 to $166.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus increased their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. UBS Group started coverage on shares of Vail Resorts in a report on Thursday, November 14th. They set a "neutral" rating and a $185.00 price target on the stock. Finally, Truist Financial dropped their price target on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Vail Resorts currently has an average rating of "Hold" and an average price target of $204.50.

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Vail Resorts Price Performance

NYSE MTN traded up $1.92 on Wednesday, reaching $157.78. The company had a trading volume of 561,380 shares, compared to its average volume of 552,692. The firm's 50 day moving average price is $171.64 and its 200 day moving average price is $176.60. Vail Resorts, Inc. has a 12 month low of $147.84 and a 12 month high of $235.81. The stock has a market capitalization of $5.91 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping analysts' consensus estimates of ($4.99) by $0.38. The company had revenue of $260.28 million for the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned ($4.60) earnings per share. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.63%. Vail Resorts's dividend payout ratio is currently 147.51%.

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.