CenterBook Partners LP Raises Stock Position in Vail Resorts, Inc. (NYSE:MTN)

CenterBook Partners LP raised its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 329.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,543 shares of the company's stock after buying an additional 16,530 shares during the quarter. CenterBook Partners LP owned about 0.06% of Vail Resorts worth $3,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Deutsche Bank AG grew its position in Vail Resorts by 17.2% during the first quarter. Deutsche Bank AG now owns 2,511 shares of the company's stock worth $402,000 after buying an additional 369 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Vail Resorts by 7.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company's stock worth $206,252,000 after purchasing an additional 86,735 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in Vail Resorts by 30.8% during the first quarter. New Age Alpha Advisors LLC now owns 2,537 shares of the company's stock worth $406,000 after purchasing an additional 598 shares during the last quarter. Malaga Cove Capital LLC lifted its stake in Vail Resorts by 30.0% during the first quarter. Malaga Cove Capital LLC now owns 12,376 shares of the company's stock worth $1,980,000 after purchasing an additional 2,858 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Vail Resorts by 19.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,802 shares of the company's stock worth $448,000 after purchasing an additional 457 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MTN shares. Truist Financial dropped their price target 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. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price for the company in a research note on Wednesday, May 28th. Bank of America boosted their target price on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Mizuho boosted their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $187.20.

Vail Resorts Stock Up 0.8%

Shares of MTN stock traded up $1.21 during midday trading on Friday, reaching $159.27. 589,311 shares of the stock were exchanged, compared to its average volume of 698,934. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The company's 50 day moving average is $156.31 and its two-hundred day moving average is $158.08. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The firm has a market cap of $5.92 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.54 EPS. On average, equities research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were paid a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.58%. Vail Resorts's payout ratio is currently 113.55%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average cost of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares of the company's stock, valued at $495,492. The trade was a 6.77% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.