Alberta Investment Management Corp purchased a new position in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,720 shares of the company's stock, valued at approximately $3,134,000.
A number of other large investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in Vail Resorts during the third quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new stake in Vail Resorts during the fourth quarter valued at approximately $33,000. Blue Trust Inc. grew its position in Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after buying an additional 148 shares during the period. Eagle Bay Advisors LLC bought a new stake in Vail Resorts during the fourth quarter valued at approximately $40,000. Finally, UMB Bank n.a. grew its position in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after buying an additional 83 shares during the period. 94.94% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Vail Resorts from $176.00 to $166.00 and set an "underweight" rating for the company in a research report on Friday, January 17th. Macquarie boosted their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday, December 13th. Morgan Stanley reaffirmed an "equal weight" rating and set a $197.00 price target on shares of Vail Resorts in a report on Monday, December 23rd. Finally, Barclays lifted their price target on shares of Vail Resorts from $155.00 to $165.00 and gave the company an "underweight" rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $204.50.
Check Out Our Latest Stock Analysis on MTN
Vail Resorts Price Performance
Shares of MTN stock traded up $0.34 during mid-day trading on Monday, hitting $158.81. The company had a trading volume of 808,022 shares, compared to its average volume of 615,318. Vail Resorts, Inc. has a 52-week low of $156.60 and a 52-week high of $235.81. The stock's 50 day moving average price is $175.18 and its 200-day moving average price is $177.31. 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 has a market capitalization of $5.95 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.93 and a beta of 1.11.
Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, December 9th. The company reported ($4.61) 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 firm had revenue of $260.28 million for the quarter, compared to the consensus estimate of $251.45 million. During the same quarter in the previous year, the firm earned ($4.60) earnings per share. The company's quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.
Vail Resorts Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.59%. The ex-dividend date was Thursday, December 26th. Vail Resorts's dividend payout ratio (DPR) is presently 147.51%.
Vail Resorts Profile
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Free Report)
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.
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