7,664 Shares in Vail Resorts, Inc. (NYSE:MTN) Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd bought a new position in Vail Resorts, Inc. (NYSE:MTN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,664 shares of the company’s stock, valued at approximately $1,708,000.

Other hedge funds have also modified their holdings of the company. Pittenger & Anderson Inc. grew its holdings in shares of Vail Resorts by 125.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Park Place Capital Corp grew its holdings in shares of Vail Resorts by 531.6% in the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Rise Advisors LLC grew its holdings in shares of Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 61 shares during the last quarter. Quarry LP acquired a new position in shares of Vail Resorts in the 4th quarter worth $35,000. Finally, Desjardins Global Asset Management Inc. grew its holdings in shares of Vail Resorts by 70.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after acquiring an additional 69 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Down 0.3 %

MTN traded down $0.69 during trading on Friday, reaching $198.33. 349,512 shares of the stock traded hands, compared to its average volume of 566,689. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. Vail Resorts, Inc. has a fifty-two week low of $198.18 and a fifty-two week high of $258.13. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. The stock’s 50-day simple moving average is $222.50 and its two-hundred day simple moving average is $220.90.

Vail Resorts (NYSE:MTN) last posted its earnings results 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 net margin of 8.44% and a return on equity of 19.16%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business earned $5.16 earnings per share. Vail Resorts’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts expect that Vail Resorts, Inc. will post 7.6 EPS for the current year.

Vail Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $2.22 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a yield of 4.48%. The ex-dividend date was Wednesday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is 148.25%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTN. Stifel Nicolaus reaffirmed a “buy” rating and issued a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Mizuho began coverage on Vail Resorts in a research report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price for the company. JPMorgan Chase & Co. decreased their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Finally, Morgan Stanley decreased their target price on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $260.11.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

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.