abrdn plc Increases Position in Vail Resorts, Inc. (NYSE:MTN)

abrdn plc lifted its stake in Vail Resorts, Inc. (NYSE:MTN) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,310 shares of the company’s stock after acquiring an additional 12,241 shares during the period. abrdn plc owned 0.23% of Vail Resorts worth $18,852,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MTN. Nordea Investment Management AB raised its holdings in Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after purchasing an additional 400,941 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $35,645,000. London Co. of Virginia bought a new position in shares of Vail Resorts during the 3rd quarter worth approximately $32,280,000. Principal Financial Group Inc. lifted its position in Vail Resorts by 7.9% during the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after acquiring an additional 131,170 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Vail Resorts by 42.3% in the third quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock valued at $83,225,000 after acquiring an additional 111,487 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Trading Down 1.6 %

Shares of Vail Resorts stock opened at $201.38 on Thursday. Vail Resorts, Inc. has a 1 year low of $200.21 and a 1 year high of $258.13. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. The stock has a market cap of $7.65 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.11. The firm has a fifty day moving average price of $223.63 and a 200 day moving average price of $221.05.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.07 by ($0.31). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $5.16 EPS. Equities research analysts predict that Vail Resorts, Inc. will post 7.6 earnings per share for the current year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 4.41%. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s payout ratio is 148.25%.

Insider Activity at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares in the company, valued at $1,691,269.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MTN shares. JPMorgan Chase & Co. reduced their price target on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research report on Monday. Truist Financial reaffirmed a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Mizuho began coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price objective on the stock. Finally, Morgan Stanley lowered their target price on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average price target of $260.11.

Vail Resorts 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.