Arrowstreet Capital Limited Partnership Buys 114,207 Shares of Vail Resorts, Inc. (NYSE:MTN)

Arrowstreet Capital Limited Partnership increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 57.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 312,232 shares of the company's stock after buying an additional 114,207 shares during the period. Arrowstreet Capital Limited Partnership owned 0.83% of Vail Resorts worth $58,528,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts during the fourth quarter worth approximately $33,000. Blue Trust Inc. increased its position in 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 shares of Vail Resorts during the fourth quarter worth $40,000. UMB Bank n.a. boosted its position in shares of Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after acquiring an additional 83 shares during the period. Finally, Quarry LP grew its stake in shares of Vail Resorts by 418.6% in the third quarter. Quarry LP now owns 363 shares of the company's stock valued at $63,000 after acquiring an additional 293 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Vail Resorts Price Performance

NYSE:MTN traded down $10.07 during trading hours on Friday, hitting $144.94. The company's stock had a trading volume of 914,899 shares, compared to its average volume of 572,839. Vail Resorts, Inc. has a twelve month low of $144.83 and a twelve month 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 stock has a fifty day simple moving average of $161.95 and a 200-day simple moving average of $173.23. The company has a market capitalization of $5.41 billion, a P/E ratio of 24.08, a PEG ratio of 1.93 and a beta of 0.93.

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Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. The company 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 firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $5.76 EPS. On average, analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Thursday, March 27th. Vail Resorts's payout ratio is 130.21%.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch bought 185 shares of the company's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MTN has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Macquarie dropped their price target on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their price target on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. Truist Financial lowered 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. Finally, Morgan Stanley cut their target price on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. 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 an average rating of "Hold" and an average price target of $193.56.

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.