World Investment Advisors Acquires Shares of 7,478 Vail Resorts, Inc. $MTN

World Investment Advisors acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 7,478 shares of the company’s stock, valued at approximately $1,118,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 111 Capital increased its holdings in shares of Vail Resorts by 116.3% in the 2nd quarter. 111 Capital now owns 6,172 shares of the company’s stock valued at $970,000 after acquiring an additional 3,319 shares during the last quarter. Confluence Investment Management LLC purchased a new position in Vail Resorts in the third quarter valued at approximately $8,160,000. Landscape Capital Management L.L.C. acquired a new stake in Vail Resorts during the first quarter worth approximately $376,000. First Eagle Investment Management LLC purchased a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $3,735,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Vail Resorts in the 2nd quarter valued at $8,572,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were bought at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MTN. Morgan Stanley cut their price target on shares of Vail Resorts from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft set a $169.00 target price on Vail Resorts in a research report on Thursday, December 11th. Wall Street Zen upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Truist Financial set a $234.00 price objective on Vail Resorts in a report on Monday. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $176.00.

Vail Resorts Price Performance

Vail Resorts stock opened at $140.27 on Monday. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. The business has a 50 day simple moving average of $146.30 and a 200-day simple moving average of $152.03. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $191.42. The stock has a market capitalization of $5.02 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 10.86 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The company had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. During the same period in the previous year, the company posted ($4.61) EPS. Vail Resorts’s revenue was up 4.1% compared to the same quarter last year. Equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, December 30th. Vail Resorts’s payout ratio is currently 130.21%.

Vail Resorts Company 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.