Aigen Investment Management LP Buys New Holdings in Vail Resorts, Inc. $MTN

Key Points

• Aigen Investment Management opened a new position in Vail Resorts during the fourth quarter, buying 12,811 shares worth about $1.7 million.
• Insiders were also buying: CEO Robert A. Katz purchased 37,500 shares and CFO Angela A. Korch bought 190 shares, signaling management confidence despite recent stock pressure.
• Vail Resorts reported mixed quarterly results, with EPS of $8.81 missing estimates while revenue slightly beat expectations; the company also announced a $2.22 quarterly dividend yielding about 6.7%.

Aigen Investment Management LP acquired a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,811 shares of the company's stock, valued at approximately $1,701,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC increased its position in shares of Vail Resorts by 21.5% during the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company's stock worth $56,000 after acquiring an additional 75 shares during the last quarter. Comerica Bank increased its position in shares of Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company's stock worth $2,625,000 after acquiring an additional 78 shares during the last quarter. Xponance Inc. increased its position in shares of Vail Resorts by 1.2% during the third quarter. Xponance Inc. now owns 6,903 shares of the company's stock worth $1,032,000 after acquiring an additional 82 shares during the last quarter. Provident Investment Management Inc. increased its position in shares of Vail Resorts by 1.6% during the third quarter. Provident Investment Management Inc. now owns 5,821 shares of the company's stock worth $871,000 after acquiring an additional 90 shares during the last quarter. Finally, MAI Capital Management increased its position in shares of Vail Resorts by 25.2% during the third quarter. MAI Capital Management now owns 482 shares of the company's stock worth $72,000 after acquiring an additional 97 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vail Resorts

In other news, CEO Robert A. Katz bought 37,500 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the acquisition, the chief executive officer directly owned 285,312 shares in the company, valued at approximately $37,606,974.72. This trade represents a 15.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Angela A. Korch bought 190 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the acquisition, the chief financial officer owned 5,539 shares of the company's stock, valued at $730,317.15. This represents a 3.55% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MTN. Wells Fargo & Company began coverage on Vail Resorts in a report on Wednesday, March 11th. They issued an "equal weight" rating and a $135.00 price objective for the company. Barclays lowered their price objective on Vail Resorts from $138.00 to $119.00 and set an "underweight" rating for the company in a report on Tuesday. Truist Financial lowered their price objective on Vail Resorts from $212.00 to $195.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $143.00 to $134.00 and set a "hold" rating for the company in a report on Tuesday, June 9th. Finally, BNP Paribas Exane reissued an "outperform" rating on shares of Vail Resorts in a report on Tuesday, March 10th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $151.45.

Vail Resorts Stock Performance

Shares of NYSE MTN opened at $133.48 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.51 and a debt-to-equity ratio of 3.22. The stock has a 50 day simple moving average of $128.70 and a 200-day simple moving average of $135.20. The company has a market cap of $4.76 billion, a PE ratio of 30.34, a P/E/G ratio of 12.40 and a beta of 0.72. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $172.00.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business's quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.54 earnings per share. On average, equities research analysts forecast that Vail Resorts, Inc. will post 4.37 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 annualized dividend and a yield of 6.7%. Vail Resorts's payout ratio is presently 201.82%.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company's signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.

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