Pinebridge Investments L.P. Increases Position in Vail Resorts, Inc. (NYSE:MTN)

Pinebridge Investments L.P. boosted its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,424 shares of the company's stock after acquiring an additional 5,511 shares during the quarter. Pinebridge Investments L.P.'s holdings in Vail Resorts were worth $3,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Vail Resorts during the fourth quarter worth $80,669,000. Wealthfront Advisers LLC purchased a new stake in Vail Resorts in the 4th quarter valued at about $42,532,000. DnB Asset Management AS bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $33,286,000. Raymond James Financial Inc. bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $23,170,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Vail Resorts by 57.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 312,232 shares of the company's stock worth $58,528,000 after buying an additional 114,207 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction dated 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 acquisition, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Stock Performance

Shares of NYSE:MTN traded up $0.35 during midday trading on Thursday, hitting $139.55. The company had a trading volume of 119,132 shares, compared to its average volume of 579,791. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $206.38. The company has a fifty day moving average of $150.96 and a two-hundred day moving average of $167.93. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

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 for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. The firm 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%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.76 EPS. On average, equities research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a $2.22 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.36%. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MTN shares. Barclays reiterated an "underweight" rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Macquarie decreased their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. 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 price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Finally, Bank of America decreased their target price on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $187.60.

Vail Resorts Company 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.