Bamco Inc. NY Boosts Position in Vail Resorts, Inc. (NYSE:MTN)

Bamco Inc. NY increased its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,290,546 shares of the company's stock after purchasing an additional 105,410 shares during the quarter. Vail Resorts accounts for 2.6% of Bamco Inc. NY's holdings, making the stock its 8th biggest position. Bamco Inc. NY owned about 14.13% of Vail Resorts worth $991,713,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Benjamin Edwards Inc. lifted its stake in Vail Resorts by 38.2% during the fourth quarter. Benjamin Edwards Inc. now owns 2,657 shares of the company's stock valued at $498,000 after buying an additional 734 shares in the last quarter. Ameriprise Financial Inc. grew its position in Vail Resorts by 3.5% during the 4th quarter. Ameriprise Financial Inc. now owns 68,294 shares of the company's stock worth $12,806,000 after purchasing an additional 2,310 shares in the last quarter. Ariel Investments LLC raised its position in Vail Resorts by 8.6% during the fourth quarter. Ariel Investments LLC now owns 265,338 shares of the company's stock valued at $49,738,000 after buying an additional 21,020 shares during the period. Gallagher Fiduciary Advisors LLC lifted its stake in Vail Resorts by 17.4% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 4,168 shares of the company's stock worth $781,000 after acquiring an additional 618 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in Vail Resorts by 402.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 186,356 shares of the company's stock valued at $34,932,000 after purchasing an additional 149,237 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 acquired 185 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. The trade was a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MTN. Barclays reaffirmed an "underweight" rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Morgan Stanley set a $152.00 price objective on Vail Resorts in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their target price on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. Mizuho reduced their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, Bank of America cut their target price 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $187.60.

Vail Resorts Stock Performance

Vail Resorts stock traded up $1.78 on Friday, hitting $145.18. The company's stock had a trading volume of 212,845 shares, compared to its average volume of 578,251. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $206.38. The firm has a market cap of $5.42 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The company has a fifty day moving average price of $148.87 and a 200-day moving average price of $166.64.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data 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. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the business earned $5.76 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm 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. This represents a $8.88 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date was Thursday, March 27th. Vail Resorts's dividend payout ratio is currently 130.21%.

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.