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

Malaga Cove Capital LLC raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 30.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,376 shares of the company’s stock after buying an additional 2,858 shares during the quarter. Malaga Cove Capital LLC’s holdings in Vail Resorts were worth $1,980,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Sterling Capital Management LLC grew its holdings in Vail Resorts by 8.5% during the 4th quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after buying an additional 69 shares during the last quarter. State of Michigan Retirement System grew its holdings in Vail Resorts by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 9,000 shares of the company’s stock valued at $1,440,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Vail Resorts by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company’s stock valued at $1,680,000 after buying an additional 100 shares during the last quarter. Aurora Investment Managers LLC. grew its holdings in Vail Resorts by 1.1% during the 1st quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company’s stock valued at $1,522,000 after buying an additional 104 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Vail Resorts by 6.7% during the 4th quarter. ProShare Advisors LLC now owns 1,751 shares of the company’s stock valued at $328,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 200 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. This trade represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MTN shares. Bank of America increased their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 28th. Truist Financial decreased their price objective on Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, June 6th. UBS Group decreased their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. Finally, Mizuho raised their price objective on Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $187.20.

Vail Resorts Trading Down 1.0%

Shares of MTN opened at $148.78 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $5.53 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.85 and a beta of 0.90. The stock’s fifty day simple moving average is $158.06 and its 200 day simple moving average is $156.30. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $9.54 EPS. On average, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts’s dividend payout ratio (DPR) is 113.55%.

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.