Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Malaga Cove Capital LLC

Malaga Cove Capital LLC lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,131 shares of the company’s stock after purchasing an additional 619 shares during the quarter. Malaga Cove Capital LLC’s holdings in Vail Resorts were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. increased its holdings in shares of Vail Resorts by 125.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Park Place Capital Corp raised its stake in Vail Resorts by 531.6% during the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Rise Advisors LLC boosted its position in Vail Resorts by 62.2% during the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 61 shares during the period. Desjardins Global Asset Management Inc. grew its stake in shares of Vail Resorts by 70.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after purchasing an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Vail Resorts during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Up 0.8 %

Shares of NYSE:MTN traded up $1.52 during midday trading on Friday, hitting $195.02. 334,824 shares of the stock were exchanged, compared to its average volume of 587,417. The business’s fifty day simple moving average is $218.68 and its two-hundred day simple moving average is $219.98. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. Vail Resorts, Inc. has a 52-week low of $188.43 and a 52-week high of $258.13. The company has a market capitalization of $7.40 billion, a PE ratio of 32.56, a P/E/G ratio of 2.16 and a beta of 1.14.

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 analysts’ consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion for 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 firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the business earned $5.16 earnings per share. As a group, research analysts predict that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $2.22 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 4.55%. Vail Resorts’s dividend payout ratio is 148.25%.

Insider Activity

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now 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 this link. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MTN has been the topic of several recent analyst reports. Mizuho assumed coverage on Vail Resorts in a report on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and set a $263.00 price target on shares of Vail Resorts in a report on Friday, March 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Truist Financial reissued a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research note on Friday, January 19th. Finally, Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $260.11.

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.