CenterBook Partners LP Acquires 16,530 Shares of Vail Resorts, Inc. (NYSE:MTN)

CenterBook Partners LP increased its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 329.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,543 shares of the company's stock after purchasing an additional 16,530 shares during the quarter. CenterBook Partners LP owned approximately 0.06% of Vail Resorts worth $3,447,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Bamco Inc. NY increased its holdings in shares of Vail Resorts by 2.0% during the fourth 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 period. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 25,916 shares during the period. Principal Financial Group Inc. increased its holdings in shares of 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 purchasing an additional 5,788 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Vail Resorts by 7.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company's stock worth $206,252,000 after acquiring an additional 86,735 shares in the last quarter. Finally, TPG GP A LLC boosted its position in shares of 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 in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Angela A. Korch purchased 200 shares of the business'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 directly owned 3,156 shares in the company, valued at approximately $495,492. This trade represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Performance

MTN traded down $1.05 on Wednesday, hitting $158.97. The company's stock had a trading volume of 324,894 shares, compared to its average volume of 601,043. The company's 50 day simple moving average is $155.63 and its 200-day simple moving average is $158.30. The firm has a market cap of $5.91 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.02 and a beta of 0.91. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

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

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.59%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's payout ratio is 113.55%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Mizuho raised their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a report on Wednesday, May 28th. Finally, Truist Financial dropped their price objective on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a 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 stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $187.20.

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.