Pacer Advisors Inc. Purchases 2,489 Shares of Vail Resorts, Inc. (NYSE:MTN)

Pacer Advisors Inc. raised its holdings in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) by 77.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,715 shares of the company’s stock after acquiring an additional 2,489 shares during the quarter. Pacer Advisors Inc.’s holdings in Vail Resorts were worth $1,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pittenger & Anderson Inc. raised its stake in Vail Resorts by 125.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Rise Advisors LLC grew its holdings in Vail Resorts by 62.2% during the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 61 shares in the last quarter. Belpointe Asset Management LLC raised its position in shares of Vail Resorts by 215.7% during the first quarter. Belpointe Asset Management LLC now owns 221 shares of the company’s stock valued at $52,000 after buying an additional 151 shares during the last quarter. Natixis purchased a new position in shares of Vail Resorts in the fourth quarter worth $52,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Vail Resorts during the third quarter worth $64,000. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the business’s 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 completion of the transaction, the director now owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

MTN has been the topic of a number of research reports. Mizuho assumed coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $273.00 to $266.00 and set a “hold” rating on the stock in a research report on Wednesday, December 6th. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and cut their price target for the company from $285.00 to $250.00 in a report on Friday, March 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $263.00 price objective on shares of Vail Resorts in a report on Friday, March 22nd. Finally, Morgan Stanley raised their target price on shares of Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $266.33.

Get Our Latest Report on Vail Resorts

Vail Resorts Stock Down 0.3 %

NYSE MTN opened at $222.10 on Tuesday. 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 52 week low of $204.88 and a 52 week high of $258.13. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.36 and a beta of 1.11. The company has a fifty day moving average of $224.57 and a two-hundred day moving average of $222.51.

Vail Resorts (NYSE:MTNGet Free Report) last released its quarterly earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted $5.16 earnings per share. Vail Resorts’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that Vail Resorts, Inc. will post 7.75 earnings per share for the current year.

Vail Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be paid 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 is Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.00%. Vail Resorts’s dividend payout ratio is currently 148.25%.

Vail Resorts Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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