Schonfeld Strategic Advisors LLC Purchases 149,237 Shares of Vail Resorts, Inc. (NYSE:MTN)

Schonfeld Strategic Advisors LLC raised its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 402.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,356 shares of the company's stock after buying an additional 149,237 shares during the period. Schonfeld Strategic Advisors LLC owned 0.50% of Vail Resorts worth $34,932,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Alberta Investment Management Corp bought a new position in Vail Resorts in the fourth quarter worth approximately $3,134,000. Western Pacific Wealth Management LP bought a new stake in Vail Resorts during the fourth quarter worth $291,000. Mutual of America Capital Management LLC increased its position in Vail Resorts by 146.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock worth $24,946,000 after buying an additional 79,183 shares during the last quarter. Vanguard Group Inc. increased its position in Vail Resorts by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after buying an additional 25,916 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Vail Resorts by 17.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock worth $5,187,000 after buying an additional 4,080 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analyst Weigh In

MTN has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a research note on Tuesday, March 11th. Bank of America decreased their target price on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Morgan Stanley set a $152.00 target price on shares of Vail Resorts in a research note on Friday. Barclays reiterated 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. Finally, Mizuho dropped their target price on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $187.60.

Vail Resorts Stock Performance

Shares of MTN opened at $140.80 on Tuesday. The stock has a 50-day moving average of $151.69 and a two-hundred day moving average of $168.32. The stock has a market cap of $5.26 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.93 and a beta of 0.93. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $206.38. 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 posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.76 EPS. As a group, research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio (DPR) is 130.21%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the business's stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. The trade was a 6.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

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.

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