Raiffeisen Bank International AG Purchases Shares of 1,620 Vail Resorts, Inc. (NYSE:MTN)

Raiffeisen Bank International AG purchased a new position in Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,620 shares of the company’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Gateway Investment Advisers LLC bought a new position in Vail Resorts in the 4th quarter worth approximately $237,000. Diversify Advisory Services LLC bought a new position in shares of Vail Resorts during the fourth quarter worth $234,000. UMB Bank n.a. grew its stake in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after acquiring an additional 83 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings in Vail Resorts by 10.2% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 3,076 shares of the company’s stock valued at $577,000 after acquiring an additional 284 shares during the last quarter. Finally, Aspire Private Capital LLC lifted its stake in Vail Resorts by 55.4% in the 4th quarter. Aspire Private Capital LLC now owns 1,601 shares of the company’s stock worth $300,000 after purchasing an additional 571 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MTN shares. Macquarie cut their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Morgan Stanley set a $152.00 price target on Vail Resorts in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. Barclays reiterated an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Finally, Bank of America reduced their price target on shares of Vail Resorts from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $187.60.

Vail Resorts Price Performance

Shares of MTN stock opened at $152.54 on Friday. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $204.72. The company has a market capitalization of $5.70 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.93 and a beta of 0.91. The company’s 50-day simple moving average is $147.87 and its two-hundred day simple moving average is $165.81. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $5.76 earnings per share. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts’s payout ratio is currently 130.21%.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares in the company, valued at $472,960. The trade was a 6.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

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.