iSAM Funds UK Ltd Takes $347,000 Position in Vail Resorts, Inc. (NYSE:MTN)

iSAM Funds UK Ltd bought a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,853 shares of the company’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in Vail Resorts in the fourth quarter valued at $3,134,000. Western Pacific Wealth Management LP acquired a new stake in Vail Resorts in the fourth quarter valued at $291,000. Mutual of America Capital Management LLC raised its holdings in Vail Resorts by 146.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company’s stock valued at $24,946,000 after acquiring an additional 79,183 shares in the last quarter. Vanguard Group Inc. raised its holdings in Vail Resorts by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock valued at $696,687,000 after acquiring an additional 25,916 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Vail Resorts by 17.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock valued at $5,187,000 after acquiring an additional 4,080 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MTN. Bank of America cut their price target on shares of Vail Resorts from $185.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. Morgan Stanley set a $152.00 target price on shares of Vail Resorts in a report on Friday, April 25th. Macquarie dropped their target price on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Barclays reissued an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $187.60.

Vail Resorts Stock Down 1.0%

MTN stock opened at $150.76 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $201.93. The firm’s 50-day simple moving average is $147.51 and its 200 day simple moving average is $165.61. The stock has a market cap of $5.63 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91.

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

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 5.89%. Vail Resorts’s payout ratio is 130.21%.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch bought 185 shares of the 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 purchase, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

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.