Capital World Investors Increases Stake in Vail Resorts, Inc. $MTN

Capital World Investors grew its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 6.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,196,445 shares of the company’s stock after purchasing an additional 182,982 shares during the quarter. Capital World Investors owned 0.09% of Vail Resorts worth $424,488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blume Capital Management Inc. raised its position in shares of Vail Resorts by 317.0% during the third quarter. Blume Capital Management Inc. now owns 9,703 shares of the company’s stock valued at $1,451,000 after buying an additional 7,376 shares during the last quarter. Kazazian Asset Management LLC bought a new stake in shares of Vail Resorts during the third quarter valued at approximately $1,296,000. CenterBook Partners LP raised its position in shares of Vail Resorts by 423.9% during the third quarter. CenterBook Partners LP now owns 18,074 shares of the company’s stock valued at $2,703,000 after buying an additional 14,624 shares during the last quarter. Waratah Capital Advisors Ltd. raised its position in shares of Vail Resorts by 31.5% during the third quarter. Waratah Capital Advisors Ltd. now owns 228,388 shares of the company’s stock valued at $34,160,000 after buying an additional 54,722 shares during the last quarter. Finally, CWM LLC raised its position in shares of Vail Resorts by 1,904.9% during the fourth quarter. CWM LLC now owns 14,054 shares of the company’s stock valued at $1,866,000 after buying an additional 13,353 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Down 0.0%

NYSE MTN opened at $135.34 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. The company has a fifty day moving average of $127.96 and a two-hundred day moving average of $135.32. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 11.52 and a beta of 0.72. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $172.00.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.56 earnings per share. On average, analysts predict that Vail Resorts, Inc. will post 4.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays cut their target price on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. Truist Financial cut their target price on shares of Vail Resorts from $217.00 to $212.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company assumed coverage on shares of Vail Resorts in a report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 target price for the company. Morgan Stanley cut their target price on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Finally, UBS Group cut their target price on shares of Vail Resorts from $169.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $161.82.

Insider Buying and Selling at Vail Resorts

In other news, CEO Robert A. Katz acquired 37,500 shares of the company’s stock in a transaction on Monday, March 16th. The stock was bought at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the purchase, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at $37,606,974.72. This represents a 15.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Angela A. Korch acquired 190 shares of the company’s stock in a transaction on Monday, March 16th. The shares were purchased at an average cost of $131.85 per share, with a total value of $25,051.50. Following the completion of the purchase, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is owned by insiders.

Vail Resorts Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.