24,000 Shares in Vail Resorts, Inc. (NYSE:MTN) Purchased by Rivermont Capital Management LP

Rivermont Capital Management LP acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,000 shares of the company’s stock, valued at approximately $4,499,000. Vail Resorts comprises approximately 1.7% of Rivermont Capital Management LP’s holdings, making the stock its 19th largest holding. Rivermont Capital Management LP owned about 0.06% of Vail Resorts as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in Vail Resorts in the 4th quarter valued at about $33,000. Blue Trust Inc. increased its stake in shares of Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 148 shares in the last quarter. GeoWealth Management LLC raised its position in shares of Vail Resorts by 162.2% in the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock valued at $55,000 after purchasing an additional 180 shares during the period. UMB Bank n.a. lifted its stake 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 valued at $57,000 after buying an additional 83 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Vail Resorts by 20.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock valued at $74,000 after buying an additional 67 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho lowered their target price 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. Morgan Stanley set a $152.00 price objective on Vail Resorts in a research note on Friday, April 25th. Bank of America reduced their target price on Vail Resorts from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Macquarie lowered their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Barclays reaffirmed an “underweight” rating and set a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $187.60.

Vail Resorts Trading Up 0.1%

Shares of MTN opened at $149.54 on Thursday. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $205.26. The company has a market capitalization of $5.58 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.93 and a beta of 0.91. 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 firm’s 50 day simple moving average is $148.17 and its 200 day simple moving average is $166.07.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $5.76 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 185 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following 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 Securities & Exchange Commission, which is available through the SEC website. 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.