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

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

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Vail Resorts during the 4th quarter worth approximately $80,669,000. Point72 Asset Management L.P. lifted its holdings in Vail Resorts by 170.1% during the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after purchasing an additional 344,095 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after purchasing an additional 289,484 shares during the last quarter. DnB Asset Management AS bought a new position in Vail Resorts during the 4th quarter worth $33,286,000. Finally, TPG GP A LLC increased its stake in Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after acquiring an additional 172,082 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Stock Down 0.3%

Vail Resorts stock traded down $0.45 during midday trading on Monday, reaching $164.43. The stock had a trading volume of 798,099 shares, compared to its average volume of 700,524. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a market capitalization of $6.11 billion, a P/E ratio of 21.03, a PEG ratio of 2.03 and a beta of 0.91. The company has a fifty day moving average price of $154.69 and a two-hundred day moving average price of $158.47. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $10.54 EPS 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 business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $9.54 EPS. The firm's revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio is currently 113.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MTN shares. Deutsche Bank Aktiengesellschaft decreased 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. Mizuho lifted 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. Bank of America lifted their price target on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Truist Financial decreased their price target 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. Finally, Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $187.20.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 200 shares of the firm's stock in a transaction on Friday, June 20th. The stock was purchased at an average cost of $157.00 per share, with a total value of $31,400.00. Following the acquisition, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This trade represents a 6.77% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company's stock.

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.