FourThought Financial Partners LLC Purchases New Position in Vail Resorts, Inc. $MTN

FourThought Financial Partners LLC purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,216 shares of the company’s stock, valued at approximately $560,000.

Other large investors have also recently modified their holdings of the company. BOKF NA boosted its holdings in shares of Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Danske Bank A S purchased a new stake in shares of Vail Resorts in the third quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $43,000. Finally, Employees Retirement System of Texas bought a new position in Vail Resorts in the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN stock opened at $126.90 on Friday. The business’s fifty day simple moving average is $128.42 and its 200-day simple moving average is $136.42. The company has a market cap of $4.52 billion, a PE ratio of 20.70, a PEG ratio of 10.69 and a beta of 0.70. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $175.51.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $6.56 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts expect that Vail Resorts, Inc. will post 4.79 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Thursday, March 26th. Vail Resorts’s dividend payout ratio is presently 144.86%.

Insider Buying and Selling at Vail Resorts

In other news, CEO Robert A. Katz bought 37,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the transaction, the chief executive officer directly owned 285,312 shares in the company, valued at approximately $37,606,974.72. The trade was a 15.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Angela A. Korch bought 190 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the transaction, the chief financial officer owned 5,539 shares in the company, valued at $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MTN shares. Mizuho reduced their price objective on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. Stifel Nicolaus reduced their price objective on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. UBS Group reduced their price objective on shares of Vail Resorts from $169.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Barclays reduced their price objective on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a research note on Tuesday, March 10th. Finally, Truist Financial reduced their price objective on shares of Vail Resorts from $217.00 to $212.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $161.82.

Vail Resorts 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.