Duality Advisers LP Purchases Shares of 17,782 Vail Resorts, Inc. (NYSE:MTN)

Duality Advisers LP acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,782 shares of the company’s stock, valued at approximately $3,796,000.

Other hedge funds have also recently made changes to their positions in the company. Pittenger & Anderson Inc. grew its holdings in shares of 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 last quarter. Park Place Capital Corp grew its holdings in shares of 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 last quarter. Rise Advisors LLC boosted its holdings in Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 61 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in Vail Resorts by 70.4% during 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Vail Resorts during the third quarter worth about $64,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Truist Financial restated a “buy” rating and set a $290.00 price target on shares of Vail Resorts in a report on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22nd. JPMorgan Chase & Co. lowered their price target 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. Morgan Stanley lowered their price target 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. Finally, Mizuho assumed coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $260.11.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $202.68 on Tuesday. The company’s fifty day moving average price is $224.44 and its 200-day moving average price is $221.25. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 2.17 and a beta of 1.11. Vail Resorts, Inc. has a one year low of $200.51 and a one year high of $258.13. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $5.16 EPS. Vail Resorts’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 7.69 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 annualized dividend and a yield of 4.38%. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio is presently 148.25%.

Insider Buying and Selling at Vail Resorts

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