Duality Advisers LP Makes New $3.80 Million Investment in Vail Resorts, Inc. (NYSE:MTN)

Duality Advisers LP bought a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,782 shares of the company's stock, valued at approximately $3,796,000.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of Vail Resorts by 14,502.1% in the 4th quarter. International Assets Investment Management LLC now owns 48,041 shares of the company's stock valued at $10,255,000 after purchasing an additional 47,712 shares during the period. Oak Thistle LLC acquired a new stake in shares of Vail Resorts in the 4th quarter valued at about $1,533,000. Nordea Investment Management AB lifted its position in Vail Resorts by 2,451.9% during the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company's stock worth $89,931,000 after acquiring an additional 400,941 shares during the period. Galibier Capital Management Ltd. acquired a new stake in Vail Resorts during the 4th quarter worth approximately $3,932,000. Finally, Raymond James & Associates lifted its position in Vail Resorts by 4.6% during the 4th quarter. Raymond James & Associates now owns 74,599 shares of the company's stock worth $15,925,000 after acquiring an additional 3,278 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of recent research reports. Truist Financial reaffirmed a "buy" rating and set a $290.00 price objective on shares of Vail Resorts in a research report on Friday, January 19th. Mizuho initiated coverage on Vail Resorts in a research report on Tuesday, March 26th. They set a "buy" rating and a $256.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on Vail Resorts from $252.00 to $243.00 and set a "neutral" rating for the company in a research report on Monday. Stifel Nicolaus reaffirmed a "buy" rating and set a $263.00 price objective on shares of Vail Resorts in a research report on Friday, March 22nd. Finally, Bank of America downgraded Vail Resorts from a "buy" rating to a "neutral" rating and cut their target price for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $260.11.

Vail Resorts Stock Performance

Shares of MTN stock traded up $2.12 during trading hours on Tuesday, reaching $204.77. 465,501 shares of the company's stock were exchanged, compared to its average volume of 488,100. Vail Resorts, Inc. has a 1 year low of $200.51 and a 1 year high of $258.13. The company has a market cap of $7.78 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.11. The company's 50 day moving average is $224.09 and its two-hundred day moving average is $221.19. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The business's revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.69 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $2.22 dividend. This is an increase from Vail Resorts's previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts's dividend payout ratio (DPR) is presently 148.25%.

Insider Activity at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares in the company, valued at approximately $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 currently owned by company 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.