Nisa Investment Advisors LLC Acquires 2,947 Shares of Vail Resorts, Inc. (NYSE:MTN)

Nisa Investment Advisors LLC increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 589.4% during the 4th quarter, HoldingsChannel reports. The firm owned 3,447 shares of the company’s stock after buying an additional 2,947 shares during the period. Nisa Investment Advisors LLC’s holdings in Vail Resorts were worth $736,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bamco Inc. NY increased its position in Vail Resorts by 1.1% in the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock worth $1,047,590,000 after purchasing an additional 51,630 shares during the last quarter. Select Equity Group L.P. increased its position in Vail Resorts by 21.2% in the first quarter. Select Equity Group L.P. now owns 3,165,296 shares of the company’s stock worth $739,666,000 after purchasing an additional 553,248 shares during the last quarter. Principal Financial Group Inc. increased its position in Vail Resorts by 7.9% during the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after acquiring an additional 131,170 shares during the last quarter. Macquarie Group Ltd. increased its position in Vail Resorts by 9.6% during the first quarter. Macquarie Group Ltd. now owns 794,179 shares of the company’s stock valued at $185,584,000 after acquiring an additional 69,454 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Vail Resorts by 3.8% during the first quarter. Geode Capital Management LLC now owns 564,557 shares of the company’s stock valued at $131,727,000 after acquiring an additional 20,408 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MTN. Stifel Nicolaus reiterated a “buy” rating and set a $263.00 price objective on shares of Vail Resorts in a research report on Friday, March 22nd. Morgan Stanley boosted their target price on shares of Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Mizuho started coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price for the company. Truist Financial reissued a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research note on Friday, January 19th. Finally, Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and an average target price of $266.33.

Vail Resorts Stock Down 1.3 %

NYSE:MTN opened at $223.63 on Wednesday. Vail Resorts, Inc. has a 1-year low of $204.88 and a 1-year high of $258.13. The company has a 50-day moving average of $225.56 and a 200 day moving average of $221.29. The firm has a market cap of $8.49 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company earned $5.16 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Vail Resorts, Inc. will post 7.75 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders 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 dividend on an annualized basis and a yield of 3.97%. Vail Resorts’s payout ratio is currently 148.25%.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,691,269.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently 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.