Trexquant Investment LP Acquires New Holdings in Vail Resorts, Inc. (NYSE:MTN)

Trexquant Investment LP bought a new position in Vail Resorts, Inc. (NYSE:MTN) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 31,309 shares of the company’s stock, valued at approximately $5,869,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Vail Resorts in the fourth quarter worth $80,669,000. Wealthfront Advisers LLC acquired a new position in Vail Resorts during the 4th quarter worth $42,532,000. Point72 Asset Management L.P. bought a new stake in Vail Resorts during the third quarter valued at about $35,264,000. FMR LLC grew its position in shares of Vail Resorts by 1,080.8% in the third 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 during the last quarter. Finally, DnB Asset Management AS bought a new position in shares of Vail Resorts in the fourth quarter worth about $33,286,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Macquarie decreased their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Truist Financial reduced their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 11th. Mizuho reduced their price target on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Finally, Morgan Stanley decreased their price target on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Two research 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $193.56.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

NYSE:MTN opened at $144.94 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. The company has a 50-day moving average of $161.95 and a 200-day moving average of $173.37. Vail Resorts, Inc. has a 52 week low of $144.83 and a 52 week high of $233.57. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.93 and a beta of 0.93.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share 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 company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $5.76 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business 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 is Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 6.13%. Vail Resorts’s dividend payout ratio is currently 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.