ExodusPoint Capital Management LP Purchases New Holdings in Vail Resorts, Inc. (NYSE:MTN)

ExodusPoint Capital Management LP acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,712 shares of the company's stock, valued at approximately $7,444,000. ExodusPoint Capital Management LP owned about 0.11% of Vail Resorts at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after acquiring an additional 25,916 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $225,348,000 after purchasing an additional 47,417 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Vail Resorts by 1.3% during the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company's stock worth $113,252,000 after purchasing an additional 8,422 shares during the last quarter. First Pacific Advisors LP increased its stake in shares of Vail Resorts by 12.4% in the fourth quarter. First Pacific Advisors LP now owns 522,285 shares of the company's stock valued at $97,902,000 after buying an additional 57,484 shares in the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of Vail Resorts by 30.2% in the fourth quarter. River Road Asset Management LLC now owns 444,344 shares of the company's stock valued at $83,292,000 after buying an additional 103,033 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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Vail Resorts Trading Down 5.4 %

Shares of MTN stock traded down $7.83 during trading hours on Monday, reaching $137.42. The company had a trading volume of 1,051,359 shares, compared to its average volume of 574,745. 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 firm 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. The company has a 50 day moving average of $161.18 and a 200 day moving average of $172.88. Vail Resorts, Inc. has a 1-year low of $134.68 and a 1-year high of $233.57.

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

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 6.46%. Vail Resorts's dividend payout ratio (DPR) is currently 130.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MTN shares. Truist Financial decreased their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised their price target 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 reaffirmed an "underweight" rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Stifel Nicolaus lifted their target price on Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Macquarie dropped their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $193.56.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch bought 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost 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 in the company, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.

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.