Mutual of America Capital Management LLC Takes $5.56 Million Position in Vail Resorts, Inc. (NYSE:MTN)

Mutual of America Capital Management LLC purchased a new stake in Vail Resorts, Inc. (NYSE:MTNFree Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 25,060 shares of the company’s stock, valued at approximately $5,561,000.

Several other large investors have also recently modified their holdings of the business. Select Equity Group L.P. grew its stake in shares of Vail Resorts by 21.2% in the first quarter. Select Equity Group L.P. now owns 3,165,296 shares of the company’s stock worth $739,666,000 after purchasing an additional 553,248 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Vail Resorts by 7.9% in the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after buying an additional 131,170 shares during the period. Macquarie Group Ltd. increased its stake in shares of Vail Resorts by 9.6% in the first quarter. Macquarie Group Ltd. now owns 794,179 shares of the company’s stock valued at $185,584,000 after buying an additional 69,454 shares during the period. Geode Capital Management LLC raised its position in shares of Vail Resorts by 2.9% during the second quarter. Geode Capital Management LLC now owns 581,082 shares of the company’s stock worth $146,050,000 after acquiring an additional 16,525 shares during the last quarter. Finally, Norges Bank acquired a new stake in Vail Resorts during the 4th quarter valued at approximately $98,690,000. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Vail Resorts

In other Vail Resorts news, Director Hilary Schneider sold 2,565 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $226.40, for a total transaction of $580,716.00. Following the completion of the sale, the director now directly owns 14,799 shares of the company’s stock, valued at approximately $3,350,493.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Vail Resorts Trading Up 1.0 %

Shares of Vail Resorts stock opened at $224.06 on Monday. The stock has a market capitalization of $8.51 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. Vail Resorts, Inc. has a 52 week low of $204.88 and a 52 week high of $258.13. The stock has a 50 day moving average price of $220.29 and a two-hundred day moving average price of $224.38. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.72 and a current ratio of 0.83.

Vail Resorts (NYSE:MTNGet Free Report) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($4.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.59) by ($0.01). Vail Resorts had a net margin of 8.00% and a return on equity of 16.28%. The business had revenue of $258.57 million during the quarter, compared to analyst estimates of $272.88 million. During the same period in the previous year, the business posted ($3.40) EPS. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 8.95 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were issued a $2.06 dividend. The ex-dividend date was Friday, December 22nd. This represents a $8.24 dividend on an annualized basis and a dividend yield of 3.68%. Vail Resorts’s dividend payout ratio is presently 152.88%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Truist Financial restated a “buy” rating and issued a $290.00 price target on shares of Vail Resorts in a research report on Friday, January 19th. Morgan Stanley lowered their price objective on Vail Resorts from $276.00 to $252.00 and set an “equal weight” rating for the company in a research report on Friday, December 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $273.00 to $266.00 and set a “hold” rating on the stock in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and a consensus target price of $270.00.

View Our Latest Stock Analysis on Vail Resorts

Vail Resorts Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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