177,575 Shares in Vail Resorts, Inc. (NYSE:MTN) Purchased by DnB Asset Management AS

DnB Asset Management AS bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, Holdings Channel reports. The fund bought 177,575 shares of the company’s stock, valued at approximately $33,286,000.

Several other institutional investors also recently modified their holdings of MTN. Heck Capital Advisors LLC acquired a new stake in Vail Resorts during the 4th quarter worth $33,000. Blue Trust Inc. increased its holdings in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 148 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Vail Resorts in the fourth quarter valued at about $40,000. UMB Bank n.a. grew its position in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after buying an additional 83 shares during the period. Finally, Quarry LP increased its stake in shares of Vail Resorts by 418.6% in the 3rd quarter. Quarry LP now owns 363 shares of the company’s stock valued at $63,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other news, CFO Angela A. Korch purchased 185 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now owns 2,956 shares in the company, 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 SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Macquarie decreased their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Truist Financial lowered 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. Barclays reissued an “underweight” rating and issued a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus increased their price objective on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and an average target price of $193.56.

Vail Resorts Price Performance

Vail Resorts stock opened at $161.59 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57. The stock has a market capitalization of $6.03 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The stock has a fifty day moving average of $163.56 and a 200-day moving average of $174.16.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm posted $5.76 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 5.50%. Vail Resorts’s payout ratio is 130.21%.

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.