Brevan Howard Capital Management LP Grows Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Brevan Howard Capital Management LP lifted its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 568.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,580 shares of the company's stock after acquiring an additional 13,248 shares during the period. Brevan Howard Capital Management LP's holdings in Vail Resorts were worth $2,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Vail Resorts during the 4th quarter worth $33,000. Blue Trust Inc. boosted its position in Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after acquiring an additional 148 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in Vail Resorts during the 4th quarter valued at about $40,000. GeoWealth Management LLC raised its holdings in Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Vail Resorts by 37.9% in the 4th quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after purchasing an additional 83 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTN. Mizuho dropped their price target on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Bank of America cut their target price on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Barclays reissued an "underweight" rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. JPMorgan Chase & Co. raised their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. Finally, Macquarie decreased their target price on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $187.60.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of the company's stock in a transaction 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 purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. The trade was a 6.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.

Vail Resorts Stock Down 0.1 %

Vail Resorts stock opened at $140.33 on Tuesday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The firm has a 50 day moving average price of $149.94 and a 200 day moving average price of $167.20. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $206.38. The company has a market capitalization of $5.24 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91.

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

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio (DPR) is currently 130.21%.

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.

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