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

Brevan Howard Capital Management LP grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 568.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,580 shares of the company's stock after purchasing 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 SEC filing.

Other large investors have also modified their holdings of the company. Miracle Mile Advisors LLC raised its holdings in Vail Resorts by 3.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company's stock worth $398,000 after purchasing an additional 65 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Vail Resorts by 20.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock valued at $74,000 after purchasing an additional 67 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Vail Resorts by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock worth $165,000 after purchasing an additional 69 shares in the last quarter. Accretive Wealth Partners LLC boosted its holdings in Vail Resorts by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company's stock worth $992,000 after buying an additional 80 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings 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 buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Vail Resorts Stock Performance

Shares of MTN traded up $1.75 during midday trading on Friday, reaching $145.15. 564,463 shares of the stock were exchanged, compared to its average volume of 579,624. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock's 50 day simple moving average is $148.66 and its 200 day simple moving average is $166.45. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $206.38. The company has a market cap of $5.42 billion, a P/E ratio of 24.11, a PEG ratio of 1.93 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. The firm had revenue of $1.14 billion during 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 business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.76 EPS. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio is currently 130.21%.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 185 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased 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 approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MTN has been the topic of a number of recent research reports. Macquarie decreased their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Barclays restated an "underweight" rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Mizuho decreased their target price on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Morgan Stanley set a $152.00 price target on shares of Vail Resorts in a report on Friday, April 25th. Finally, Bank of America decreased their price objective on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $187.60.

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.