Schonfeld Strategic Advisors LLC Boosts Stake in Vail Resorts, Inc. (NYSE:MTN)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alberta Investment Management Corp bought a new stake in shares of Vail Resorts during the fourth quarter worth $3,134,000. Western Pacific Wealth Management LP bought a new stake in Vail Resorts during the 4th quarter worth $291,000. Mutual of America Capital Management LLC increased its holdings in Vail Resorts by 146.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock worth $24,946,000 after purchasing an additional 79,183 shares in the last quarter. Vanguard Group Inc. raised 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 valued at $696,687,000 after purchasing an additional 25,916 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Vail Resorts by 17.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock valued at $5,187,000 after purchasing an additional 4,080 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now owns 2,956 shares of the company's stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.

Vail Resorts Trading Up 0.3 %

Shares of MTN stock traded up $0.47 during trading hours on Friday, hitting $140.29. 490,922 shares of the company were exchanged, compared to its average volume of 582,710. 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, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $206.38. The company has a 50 day simple moving average of $150.26 and a two-hundred day simple moving average of $167.46. The firm has a market cap of $5.24 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.93 and a beta of 0.93.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business'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 earnings per share. Equities analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a $2.22 dividend. The ex-dividend date was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 6.33%. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MTN. Macquarie dropped their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Mizuho decreased their price objective on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Bank of America cut their target price on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Barclays reissued an "underweight" rating and issued a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $187.60.

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.