Aigen Investment Management LP Buys 5,333 Shares of Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Aigen Investment Management LP increased its holdings in Vail Resorts by 137.3% during the first quarter, acquiring an additional 5,333 shares, bringing its total to 9,216 shares valued at approximately $1.475 million.
• Vail Resorts reported earnings of $10.54 per share for its most recent quarter, exceeding estimates and marking a 1.0% revenue increase compared to the same quarter last year.
• The company declared a quarterly dividend of $2.22 per share, which represents a 6.0% yield with a payout ratio of 113.55%.

Aigen Investment Management LP boosted its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 137.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,216 shares of the company's stock after buying an additional 5,333 shares during the period. Aigen Investment Management LP's holdings in Vail Resorts were worth $1,475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its stake in Vail Resorts by 25.5% in the first quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock worth $412,000 after purchasing an additional 523 shares during the period. GAMMA Investing LLC increased its stake in Vail Resorts by 27,955.2% in the first quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock worth $6,914,000 after purchasing an additional 43,051 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Vail Resorts in the first quarter worth $20,315,000. Principal Financial Group Inc. increased its stake in Vail Resorts by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after purchasing an additional 5,788 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Vail Resorts in the first quarter worth $876,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Insiders Place Their Bets

In related news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% 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 this link. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Bank of America increased their target price on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a research note on Wednesday, May 28th. Truist Financial reduced their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Finally, Mizuho raised their price target on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Stock Up 0.5%

Shares of MTN stock traded up $0.83 on Friday, hitting $153.28. The stock had a trading volume of 103,379 shares, compared to its average volume of 672,355. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The business has a 50 day moving average price of $156.89 and a 200 day moving average price of $154.72. The company has a market cap of $5.69 billion, a PE ratio of 19.60, a P/E/G ratio of 1.91 and a beta of 0.90. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $9.54 earnings per share. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.8%. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

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.