Louisiana State Employees Retirement System Acquires New Position in Vail Resorts, Inc. (NYSE:MTN)

Louisiana State Employees Retirement System purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,700 shares of the company’s stock, valued at approximately $2,284,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MTN. International Assets Investment Management LLC increased its stake in shares of Vail Resorts by 14,502.1% in the 4th quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock valued at $10,255,000 after acquiring an additional 47,712 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $1,533,000. Nordea Investment Management AB lifted its holdings in shares of Vail Resorts by 2,451.9% during the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after purchasing an additional 400,941 shares in the last quarter. Galibier Capital Management Ltd. acquired a new position in shares of Vail Resorts in the 4th quarter valued at approximately $3,932,000. Finally, Raymond James & Associates raised its holdings in Vail Resorts by 4.6% during the 4th quarter. Raymond James & Associates now owns 74,599 shares of the company’s stock worth $15,925,000 after buying an additional 3,278 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction 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 sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MTN shares. Stifel Nicolaus restated a “buy” rating and set a $263.00 price objective on shares of Vail Resorts in a report on Friday, March 22nd. Mizuho initiated coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They set a “buy” rating and a $256.00 price target for the company. Truist Financial reaffirmed a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Morgan Stanley increased their price objective on shares of Vail Resorts from $247.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Finally, Bank of America downgraded 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus target price of $266.33.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $223.63 on Wednesday. The business’s 50 day moving average is $225.56 and its 200-day moving average is $221.29. The firm has a market cap of $8.49 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. Vail Resorts, Inc. has a 1-year low of $204.88 and a 1-year high of $258.13. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $5.16 EPS. Vail Resorts’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts predict that Vail Resorts, Inc. will post 7.75 earnings per share for the current year.

Vail Resorts Increases Dividend

The business also recently declared 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. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 3.97%. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio is currently 148.25%.

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.