Kestra Investment Management LLC Grows Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Kestra Investment Management LLC lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 134.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,217 shares of the company's stock after purchasing an additional 2,992 shares during the quarter. Kestra Investment Management LLC's holdings in Vail Resorts were worth $978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Western Pacific Wealth Management LP bought a new position in Vail Resorts in the 4th quarter valued at about $291,000. Stifel Financial Corp lifted its position in Vail Resorts by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company's stock valued at $3,683,000 after acquiring an additional 6,816 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Vail Resorts by 17.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock valued at $5,187,000 after acquiring an additional 4,080 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Vail Resorts by 409.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,538 shares of the company's stock valued at $861,000 after acquiring an additional 3,648 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Vail Resorts by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company's stock valued at $113,252,000 after acquiring an additional 8,422 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MTN shares. Mizuho raised their price target on shares of Vail Resorts from $222.00 to $227.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Stifel Nicolaus raised their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Truist Financial dropped their target price on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, December 10th. UBS Group assumed coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They set a "neutral" rating and a $185.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vail Resorts from $176.00 to $166.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and a consensus price target of $204.50.

Vail Resorts Stock Performance

Shares of MTN stock traded down $0.30 during trading hours on Friday, hitting $158.36. 635,356 shares of the company were exchanged, compared to its average volume of 492,427. The firm has a fifty day simple moving average of $175.83 and a 200 day simple moving average of $177.29. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 52-week low of $156.60 and a 52-week high of $236.92. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.93 and a beta of 1.11.

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

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were paid a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 5.61%. Vail Resorts's dividend payout ratio is 147.51%.

Vail Resorts 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.