MeadowBrook Investment Advisors LLC Makes New $157,000 Investment in Vail Resorts, Inc. (NYSE:MTN)

MeadowBrook Investment Advisors LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 735 shares of the company’s stock, valued at approximately $157,000.

Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Vail Resorts by 214.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,724 shares of the company’s stock valued at $1,714,000 after buying an additional 5,267 shares in the last quarter. Xponance Inc. raised its position in Vail Resorts by 166.0% in the third quarter. Xponance Inc. now owns 5,020 shares of the company’s stock worth $1,114,000 after purchasing an additional 3,133 shares in the last quarter. Independent Advisor Alliance lifted its stake in Vail Resorts by 8.7% during the third quarter. Independent Advisor Alliance now owns 1,141 shares of the company’s stock worth $253,000 after purchasing an additional 91 shares during the period. New York State Teachers Retirement System acquired a new stake in Vail Resorts during the third quarter valued at approximately $2,751,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Vail Resorts in the 3rd quarter valued at approximately $707,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MTN shares. Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and cut their target price for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Stifel Nicolaus restated a “buy” rating and issued a $263.00 target price on shares of Vail Resorts in a research note on Friday, March 22nd. Truist Financial reiterated a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. JPMorgan Chase & Co. reduced 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, April 22nd. Finally, Morgan Stanley decreased their price objective on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. 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 has a consensus rating of “Hold” and a consensus price target of $260.11.

Vail Resorts Price Performance

Shares of MTN stock traded up $2.92 during trading hours on Monday, reaching $197.94. 439,185 shares of the company were exchanged, compared to its average volume of 488,643. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 2.16 and a beta of 1.14. The stock’s fifty day moving average is $218.68 and its two-hundred day moving average is $219.96. Vail Resorts, Inc. has a fifty-two week low of $188.43 and a fifty-two week high of $258.13.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.16 earnings per share. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors 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 yield of 4.49%. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

Insider Activity

In related news, Director Peter A. Vaughn sold 1,000 shares of the firm’s 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 sale, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Vail Resorts Company 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.