International Assets Investment Management LLC Purchases 47,712 Shares of Vail Resorts, Inc. (NYSE:MTN)

International Assets Investment Management LLC boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 14,502.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,041 shares of the company's stock after buying an additional 47,712 shares during the quarter. International Assets Investment Management LLC owned 0.13% of Vail Resorts worth $10,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its position in shares of Vail Resorts by 2.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 15,852 shares of the company's stock worth $3,459,000 after purchasing an additional 421 shares during the last quarter. Galibier Capital Management Ltd. bought a new stake in shares of Vail Resorts during the fourth quarter worth $3,932,000. Oak Thistle LLC bought a new stake in shares of Vail Resorts during the fourth quarter worth $1,533,000. Mendota Financial Group LLC bought a new stake in shares of Vail Resorts in the fourth quarter valued at about $136,000. Finally, Ellsworth Advisors LLC raised its holdings in shares of Vail Resorts by 12.0% in the fourth quarter. Ellsworth Advisors LLC now owns 3,769 shares of the company's stock valued at $805,000 after acquiring an additional 404 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 1.1 %

Shares of MTN stock traded down $2.59 during trading hours on Friday, reaching $226.97. 534,655 shares of the company's stock were exchanged, compared to its average volume of 515,813. Vail Resorts, Inc. has a 1 year low of $204.88 and a 1 year high of $258.13. The stock has a market cap of $8.62 billion, a PE ratio of 37.89, a PEG ratio of 2.41 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. The stock's fifty day moving average price is $225.39 and its two-hundred day moving average price is $221.38.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts' consensus estimates of $6.07 by ($0.31). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. Vail Resorts's revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.16 EPS. Research analysts predict that Vail Resorts, Inc. will post 7.75 EPS for the current year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $2.22 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 3.91%. This is a positive change from Vail Resorts's previous quarterly dividend of $2.06. Vail Resorts's dividend payout ratio is currently 148.25%.

Insider Activity at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the sale, the director now owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Vail Resorts from $247.00 to $248.00 and gave the company an "equal weight" rating in a report on Thursday, March 7th. Truist Financial restated a "buy" rating and issued a $290.00 price objective on shares of Vail Resorts in a report on Friday, January 19th. Mizuho assumed coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They issued a "buy" rating and a $256.00 target price for the company. Stifel Nicolaus reiterated a "buy" rating and issued a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. Finally, Bank of America downgraded shares of Vail Resorts from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Vail Resorts presently has an average rating of "Hold" and a consensus target price of $266.33.

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.