International Assets Investment Management LLC Acquires 47,712 Shares of Vail Resorts, Inc. (NYSE:MTN)

International Assets Investment Management LLC boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 14,502.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,041 shares of the company’s stock after acquiring an additional 47,712 shares during the quarter. International Assets Investment Management LLC owned 0.13% of Vail Resorts worth $10,255,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MTN. Select Equity Group L.P. lifted its position in Vail Resorts by 80.5% in the 4th quarter. Select Equity Group L.P. now owns 2,612,048 shares of the company’s stock valued at $622,582,000 after acquiring an additional 1,165,211 shares in the last quarter. Norges Bank purchased a new stake in Vail Resorts in the 4th quarter valued at about $98,690,000. Nordea Investment Management AB increased its stake in Vail Resorts by 2,451.9% in the 4th 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 last quarter. Macquarie Group Ltd. increased its stake in Vail Resorts by 38.1% in the 2nd quarter. Macquarie Group Ltd. now owns 656,205 shares of the company’s stock valued at $143,086,000 after buying an additional 181,198 shares during the last quarter. Finally, London Co. of Virginia purchased a new stake in Vail Resorts in the 3rd quarter valued at about $32,280,000. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Down 1.1 %

MTN opened at $226.97 on Friday. The company has a 50 day moving average of $225.39 and a 200 day moving average of $221.49. The company has a market cap of $8.62 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. Vail Resorts, Inc. has a 12 month low of $204.88 and a 12 month 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 released its quarterly earnings data on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing the consensus estimate of $6.07 by ($0.31). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $5.16 earnings per share. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.75 EPS for the current year.

Vail Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $2.22 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a yield of 3.91%. Vail Resorts’s dividend payout ratio (DPR) is 148.25%.

Insider Buying and Selling

In related news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the transaction, 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 can be accessed through this link. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on MTN. Mizuho began coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $263.00 price objective on shares of Vail Resorts in a research note on Friday, March 22nd. Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Truist Financial reiterated a “buy” rating and issued a $290.00 price objective on shares of Vail Resorts in a research note on Friday, January 19th. Finally, Morgan Stanley raised their price target 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. 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, the stock presently has a consensus rating of “Hold” and an average price target of $266.33.

About Vail Resorts

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.