AXQ Capital LP Invests $596,000 in Vail Resorts, Inc. (NYSE:MTN)

AXQ Capital LP acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,181 shares of the company’s stock, valued at approximately $596,000.

Several other large investors also recently added to or reduced their stakes in MTN. Wealthfront Advisers LLC purchased a new position in shares of Vail Resorts during the fourth quarter worth approximately $42,532,000. Point72 Asset Management L.P. purchased a new position in Vail Resorts during the 3rd quarter worth $35,264,000. FMR LLC raised its position in Vail Resorts by 1,080.8% during the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after purchasing an additional 190,210 shares in the last quarter. Bamco Inc. NY lifted its holdings in shares of Vail Resorts by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock worth $903,717,000 after buying an additional 136,328 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Vail Resorts during the 4th quarter worth $23,170,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 0.0 %

Vail Resorts stock opened at $160.43 on Friday. Vail Resorts, Inc. has a 1-year low of $151.99 and a 1-year high of $233.57. The business has a fifty day moving average price of $165.52 and a 200-day moving average price of $174.87. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $5.76 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 5.54%. Vail Resorts’s payout ratio is 130.21%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch purchased 185 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now owns 2,956 shares in the company, valued at $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MTN. Stifel Nicolaus upped their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Mizuho cut their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Truist Financial dropped their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Finally, Barclays reissued an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $193.56.

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.