Point72 Asset Management L.P. Boosts Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Point72 Asset Management L.P. raised its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 170.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 546,423 shares of the company's stock after acquiring an additional 344,095 shares during the period. Point72 Asset Management L.P. owned about 1.46% of Vail Resorts worth $102,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTN. Bamco Inc. NY increased its stake 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. boosted its holdings in shares of Vail Resorts by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock valued at $696,687,000 after purchasing an additional 25,916 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vail Resorts by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company's stock valued at $225,348,000 after purchasing an additional 47,417 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after acquiring an additional 289,484 shares during the last quarter. Finally, First Pacific Advisors LP raised its position in Vail Resorts by 12.4% during the 4th quarter. First Pacific Advisors LP now owns 522,285 shares of the company's stock worth $97,902,000 after purchasing an additional 57,484 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Trading Up 0.8%

Vail Resorts stock traded up $1.16 during trading hours on Friday, hitting $152.54. The company had a trading volume of 408,474 shares, compared to its average volume of 579,499. The company has a 50-day moving average price of $147.87 and a two-hundred day moving average price of $165.81. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $204.72. The firm has a market cap of $5.70 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.93 and a beta of 0.91. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.76 EPS. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a $2.22 dividend. The ex-dividend date was Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 5.82%. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now owns 2,956 shares in the company, valued at $472,960. This trade represents a 6.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Macquarie reduced their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Barclays reaffirmed an "underweight" rating and issued a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Morgan Stanley set a $152.00 price target on shares of Vail Resorts in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a report on Tuesday, March 11th. Finally, Bank of America reduced their price target on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $187.60.

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.