Sciencast Management LP Makes New $807,000 Investment in Vail Resorts, Inc. (NYSE:MTN)

Sciencast Management LP bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, HoldingsChannel.com reports. The firm bought 4,304 shares of the company’s stock, valued at approximately $807,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in Vail Resorts during the 4th quarter worth $33,000. Blue Trust Inc. lifted its position in Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after acquiring an additional 148 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Vail Resorts during the fourth quarter valued at about $40,000. UMB Bank n.a. raised its position in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after buying an additional 83 shares during the last quarter. Finally, Quarry LP raised its position in shares of Vail Resorts by 418.6% during the third quarter. Quarry LP now owns 363 shares of the company’s stock valued at $63,000 after buying an additional 293 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 185 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now owns 2,956 shares of the company’s stock, valued at $472,960. This represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MTN shares. Morgan Stanley cut their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. Macquarie cut their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. 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 for the company in a research report on Tuesday, March 11th. Finally, Truist Financial cut their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $193.56.

Vail Resorts Stock Performance

NYSE MTN opened at $160.43 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock has a market cap of $5.99 billion, a P/E ratio of 26.65, a PEG ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a twelve month low of $151.99 and a twelve month high of $233.57. The company’s 50-day simple moving average is $165.52 and its 200 day simple moving average is $174.87.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data 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. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.76 earnings per share. As a group, research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 5.54%. Vail Resorts’s dividend payout ratio is 130.21%.

Vail Resorts Company 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.