Nomura Holdings Inc. Invests $932,000 in Vail Resorts, Inc. (NYSE:MTN)

Nomura Holdings Inc. purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,971 shares of the company's stock, valued at approximately $932,000.

Other institutional investors also recently modified their holdings of the company. Alberta Investment Management Corp acquired a new position in shares of Vail Resorts during the fourth quarter worth $3,134,000. Western Pacific Wealth Management LP acquired a new stake in Vail Resorts in the fourth quarter valued at $291,000. Mutual of America Capital Management LLC increased its holdings in Vail Resorts by 146.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock valued at $24,946,000 after purchasing an additional 79,183 shares during the period. Vanguard Group Inc. increased its holdings in Vail Resorts by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock valued at $696,687,000 after purchasing an additional 25,916 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Vail Resorts by 17.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock valued at $5,187,000 after purchasing an additional 4,080 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Price Performance

MTN stock opened at $152.47 on Tuesday. The stock has a market capitalization of $5.69 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company's 50-day moving average is $147.68 and its 200-day moving average is $165.71. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $204.72.

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

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were given a $2.22 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 5.82%. Vail Resorts's payout ratio is 130.21%.

Analyst Ratings Changes

MTN has been the subject of a number of recent research reports. Mizuho decreased their price objective on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Macquarie decreased their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Bank of America decreased their price objective on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Barclays restated an "underweight" rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. increased their price target on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Two investment 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $187.60.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

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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