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

International Assets Investment Management LLC lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 14,502.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,041 shares of the company's stock after acquiring an additional 47,712 shares during the period. International Assets Investment Management LLC owned approximately 0.13% of Vail Resorts worth $10,255,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Bamco Inc. NY increased its position in shares of Vail Resorts by 1.1% during the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company's stock worth $1,047,590,000 after acquiring an additional 51,630 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Vail Resorts by 7.9% during the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company's stock worth $398,393,000 after acquiring an additional 131,170 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Vail Resorts by 2,451.9% during the fourth 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 in the last quarter. Northern Trust Corp boosted its holdings in Vail Resorts by 42.3% during the third quarter. Northern Trust Corp now owns 375,072 shares of the company's stock worth $83,225,000 after purchasing an additional 111,487 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Vail Resorts by 8.3% during the third quarter. Legal & General Group Plc now owns 253,269 shares of the company's stock worth $56,198,000 after purchasing an additional 19,399 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Vail Resorts Price Performance

MTN stock traded up $2.92 during mid-day trading on Monday, hitting $197.94. The stock had a trading volume of 439,185 shares, compared to its average volume of 488,643. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. Vail Resorts, Inc. has a 52 week low of $188.43 and a 52 week high of $258.13. The firm has a market capitalization of $7.52 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.16 and a beta of 1.14. The firm has a fifty day simple moving average of $218.68 and a 200 day simple moving average of $219.96.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, March 11th. The company reported $5.76 EPS 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 the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $5.16 earnings per share. Vail Resorts's quarterly revenue was down 2.2% compared to the same quarter last year. As a group, research analysts forecast that Vail Resorts, Inc. will post 7.6 EPS for the current year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts's dividend payout ratio (DPR) is presently 148.25%.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MTN. Mizuho began coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They set a "buy" rating and a $256.00 target price for the company. Stifel Nicolaus restated a "buy" rating and set a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. JPMorgan Chase & Co. reduced their target price on shares of Vail Resorts from $252.00 to $243.00 and set a "neutral" rating for the company in a report on Monday, April 22nd. Truist Financial reiterated a "buy" rating and issued a $290.00 price target on shares of Vail Resorts in a research note on Friday, January 19th. Finally, Morgan Stanley cut their price target on shares of Vail Resorts from $242.00 to $229.00 and set an "equal weight" rating for the company in a research note on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $260.11.

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.