Norges Bank Buys Shares of 430,348 Vail Resorts, Inc. (NYSE:MTN)

Norges Bank acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 430,348 shares of the company's stock, valued at approximately $80,669,000. Norges Bank owned 1.15% of Vail Resorts as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. Heck Capital Advisors LLC bought a new position in Vail Resorts during the fourth quarter worth about $33,000. Blue Trust Inc. lifted its position in shares of Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after buying an additional 148 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Vail Resorts in the 4th quarter valued at $40,000. UMB Bank n.a. raised its stake in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after acquiring an additional 83 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Vail Resorts by 418.6% during the third quarter. Quarry LP now owns 363 shares of the company's stock valued at $63,000 after acquiring an additional 293 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Trading Down 5.4 %

Shares of NYSE MTN traded down $7.83 during midday trading on Monday, hitting $137.42. The stock had a trading volume of 1,051,359 shares, compared to its average volume of 574,746. The firm has a market cap of $5.13 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Vail Resorts, Inc. has a fifty-two week low of $134.67 and a fifty-two 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 company's 50-day simple moving average is $161.18 and its 200 day simple moving average is $172.88.

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

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts's dividend payout ratio is 130.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MTN shares. Barclays reiterated an "underweight" rating and set a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Stifel Nicolaus lifted their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Morgan Stanley decreased their price target on 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. StockNews.com raised Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. boosted 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and an average target price of $193.56.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 185 shares of the company's stock in a transaction that occurred 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 completion of the acquisition, the chief financial officer now 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 legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently 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.