IFM Investors Pty Ltd Invests $1.71 Million in Vail Resorts, Inc. (NYSE:MTN)

IFM Investors Pty Ltd purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,664 shares of the company’s stock, valued at approximately $1,708,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. grew its position in Vail Resorts by 125.0% during the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after buying an additional 65 shares during the period. Park Place Capital Corp grew its position in Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after buying an additional 101 shares during the period. Rise Advisors LLC grew its position in Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 61 shares during the period. Quarry LP acquired a new stake in Vail Resorts during the fourth quarter valued at $35,000. Finally, Desjardins Global Asset Management Inc. grew its position in Vail Resorts by 70.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on MTN. Stifel Nicolaus restated a “buy” rating and set a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22nd. JPMorgan Chase & Co. dropped their target price on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley dropped their target price on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Truist Financial reiterated a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Finally, Mizuho initiated coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $260.11.

Vail Resorts Price Performance

Shares of NYSE:MTN traded down $0.69 during midday trading on Friday, hitting $198.33. The company’s stock had a trading volume of 349,512 shares, compared to its average volume of 566,689. The business’s 50 day simple moving average is $222.50 and its 200 day simple moving average is $220.90. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. The company has a market cap of $7.53 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11. Vail Resorts, Inc. has a 12-month low of $198.18 and a 12-month high of $258.13.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.16 earnings per share. On average, analysts forecast that Vail Resorts, Inc. will post 7.6 EPS for the current year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 dividend on an annualized basis and a yield of 4.48%. Vail Resorts’s payout ratio is 148.25%.

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.