Nomura Holdings Inc. Makes New $8.57 Million Investment in Vail Resorts, Inc. $MTN

Nomura Holdings Inc. purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 54,552 shares of the company’s stock, valued at approximately $8,572,000. Nomura Holdings Inc. owned approximately 0.15% of Vail Resorts as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTN. GRS Advisors LLC acquired a new position in Vail Resorts during the second quarter worth about $71,753,000. Norges Bank purchased a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $51,685,000. Bamco Inc. NY increased its stake in Vail Resorts by 3.6% in the 2nd quarter. Bamco Inc. NY now owns 5,475,549 shares of the company’s stock valued at $860,373,000 after purchasing an additional 191,327 shares in the last quarter. First Pacific Advisors LP increased its stake in Vail Resorts by 23.4% in the 2nd quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock valued at $156,146,000 after purchasing an additional 188,151 shares in the last quarter. Finally, Aperture Investors LLC acquired a new position in Vail Resorts during the second quarter worth $22,886,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MTN shares. Truist Financial lowered their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft set a $169.00 price objective on shares of Vail Resorts in a research note on Thursday. Wall Street Zen downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Mizuho reduced their price target on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Finally, Barclays lowered their price target on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $176.50.

Insiders Place Their Bets

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

Vail Resorts Stock Performance

Shares of MTN opened at $161.74 on Monday. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $194.47. The company’s 50 day simple moving average is $146.79 and its 200 day simple moving average is $152.51. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 12.49 and a beta of 0.81. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.46 and a current ratio of 0.54.

Vail Resorts (NYSE:MTN) last released its earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping 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 firm had revenue of $271.03 million during the quarter, compared to analysts’ expectations of $273.35 million. During the same period in the previous year, the company earned ($4.61) EPS. Vail Resorts’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Tuesday, December 30th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, December 30th. Vail Resorts’s dividend payout ratio is presently 130.21%.

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.