Point72 Asset Management L.P. Acquires 344,095 Shares of Vail Resorts, Inc. (NYSE:MTN)

Point72 Asset Management L.P. raised its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 170.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 546,423 shares of the company’s stock after acquiring an additional 344,095 shares during the quarter. Point72 Asset Management L.P. owned approximately 1.46% of Vail Resorts worth $102,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in Vail Resorts during the fourth quarter valued at about $33,000. Blue Trust Inc. increased its holdings in Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after acquiring an additional 148 shares in the last quarter. GeoWealth Management LLC increased its holdings in Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after acquiring an additional 180 shares in the last quarter. UMB Bank n.a. raised its stake in Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after acquiring an additional 83 shares during the period. Finally, Raleigh Capital Management Inc. lifted its holdings in Vail Resorts by 20.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley set a $152.00 price objective on shares of Vail Resorts in a research note on Friday, April 25th. JPMorgan Chase & Co. raised their price target on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. Bank of America lowered their price objective on Vail Resorts from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Mizuho cut their target price on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Macquarie decreased their target price 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $187.60.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased 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 of the company’s stock, valued at $472,960. The trade was a 6.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Up 0.1%

Shares of MTN opened at $149.54 on Thursday. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $205.26. The business’s 50 day simple moving average is $148.17 and its 200-day simple moving average is $166.07.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned $5.76 earnings per share. Vail Resorts’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.94%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s dividend payout ratio is currently 130.21%.

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.