Alps Advisors Inc. Purchases 7,382 Shares of Vail Resorts, Inc. (NYSE:MTN)

Alps Advisors Inc. increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,474 shares of the company's stock after acquiring an additional 7,382 shares during the period. Alps Advisors Inc. owned about 0.27% of Vail Resorts worth $16,398,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bamco Inc. NY increased its position in shares of Vail Resorts by 2.0% during the 4th quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock worth $991,713,000 after purchasing an additional 105,410 shares during the last quarter. Vanguard Group Inc. increased its holdings in Vail Resorts by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after buying an additional 25,916 shares during the last quarter. Principal Financial Group Inc. raised its position in Vail Resorts by 0.4% during the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after acquiring an additional 5,788 shares in the last quarter. TPG GP A LLC lifted its stake in Vail Resorts by 19.9% in the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after acquiring an additional 172,082 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Vail Resorts by 42.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after acquiring an additional 289,484 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

NYSE:MTN traded down $4.57 during mid-day trading on Friday, hitting $165.06. 802,471 shares of the stock were exchanged, compared to its average volume of 600,061. The firm's 50-day simple moving average is $154.69 and its 200 day simple moving average is $158.70. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61.

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

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's payout ratio is 113.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTN. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Bank of America raised their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Truist Financial reduced their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Finally, UBS Group reduced their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $187.20.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction on Friday, June 20th. The shares were purchased at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. This 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 is accessible through this link. 1.20% of the stock is owned by insiders.

About Vail Resorts

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.