Kazazian Asset Management LLC Buys 4,005 Shares of Vail Resorts, Inc. $MTN

Kazazian Asset Management LLC boosted its stake in Vail Resorts, Inc. (NYSE:MTN) by 46.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,670 shares of the company’s stock after purchasing an additional 4,005 shares during the quarter. Vail Resorts makes up 1.8% of Kazazian Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Kazazian Asset Management LLC’s holdings in Vail Resorts were worth $1,683,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MTN. BOKF NA boosted its holdings in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Danske Bank A S bought a new stake in shares of Vail Resorts during the 3rd quarter valued at $30,000. International Assets Investment Management LLC bought a new stake in shares of Vail Resorts during the 4th quarter valued at $43,000. Finally, Employees Retirement System of Texas bought a new stake in shares of Vail Resorts during the 3rd quarter valued at $46,000. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

MTN opened at $127.81 on Monday. The stock has a 50-day moving average price of $128.21 and a 200-day moving average price of $136.26. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.62 and a quick ratio of 0.51. The firm has a market cap of $4.55 billion, a PE ratio of 20.85, a P/E/G ratio of 10.78 and a beta of 0.70. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $175.51.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.06 by ($0.19). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.Vail Resorts’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.56 EPS. Sell-side analysts predict that Vail Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, March 26th. Vail Resorts’s payout ratio is currently 144.86%.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a report on Friday, March 6th. Wells Fargo & Company initiated coverage on shares of Vail Resorts in a report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 target price on the stock. Morgan Stanley dropped their target price on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Mizuho dropped their target price on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Finally, Truist Financial dropped their target price on shares of Vail Resorts from $217.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $161.82.

Insider Activity

In related news, CFO Angela A. Korch purchased 190 shares of the stock in a transaction dated Monday, March 16th. The stock was purchased at an average price of $131.85 per share, with a total value of $25,051.50. Following the transaction, the chief financial officer directly owned 5,539 shares in the company, valued at $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert A. Katz purchased 37,500 shares of the stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the transaction, the chief executive officer owned 285,312 shares in the company, valued at $37,606,974.72. The trade was a 15.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is owned by insiders.

Vail Resorts Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.