Handelsbanken Fonder AB Has $29.08 Million Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Handelsbanken Fonder AB boosted its position in Vail Resorts, Inc. (NYSE:MTN) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,200 shares of the company’s stock after purchasing an additional 29,800 shares during the period. Handelsbanken Fonder AB’s holdings in Vail Resorts were worth $29,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB increased its stake in shares of Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after buying an additional 400,941 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Vail Resorts in the fourth quarter valued at about $35,645,000. London Co. of Virginia acquired a new stake in shares of Vail Resorts in the third quarter valued at about $32,280,000. Principal Financial Group Inc. increased its stake in shares of Vail Resorts by 7.9% in the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after buying an additional 131,170 shares during the period. Finally, Northern Trust Corp increased its stake in shares of 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 buying an additional 111,487 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTN shares. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Stifel Nicolaus reissued a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. Morgan Stanley decreased their price target on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating for the company in a research note on Monday. Truist Financial restated a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Finally, JPMorgan Chase & Co. lowered their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $260.11.

Insider Activity at Vail Resorts

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

Vail Resorts Stock Down 0.1 %

Shares of NYSE:MTN opened at $202.68 on Tuesday. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 2.17 and a beta of 1.11. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. Vail Resorts, Inc. has a 12-month low of $200.51 and a 12-month high of $258.13. The business’s 50 day moving average is $224.44 and its 200 day moving average is $221.25.

Vail Resorts (NYSE:MTN) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.16 EPS. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.69 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $2.22 per share. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 4.38%. Vail Resorts’s payout ratio is presently 148.25%.

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.