MetLife Investment Management LLC Has $4.22 Million Holdings in Vail Resorts, Inc. (NYSE:MTN)

MetLife Investment Management LLC lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 7.7% during the 4th quarter, HoldingsChannel reports. The fund owned 22,504 shares of the company’s stock after purchasing an additional 1,600 shares during the period. MetLife Investment Management LLC’s holdings in Vail Resorts were worth $4,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Miracle Mile Advisors LLC grew its holdings in shares of Vail Resorts by 3.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company’s stock worth $398,000 after purchasing an additional 65 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in Vail Resorts by 20.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock worth $74,000 after acquiring an additional 67 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after acquiring an additional 69 shares during the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Vail Resorts by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock valued at $992,000 after acquiring an additional 80 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after purchasing an additional 83 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, CFO Angela A. Korch purchased 185 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now owns 2,956 shares of the company’s stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN opened at $140.00 on Friday. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $206.38. The company has a market cap of $5.23 billion, a PE ratio of 23.26, a P/E/G ratio of 1.93 and a beta of 0.93. The stock has a 50-day moving average of $152.49 and a 200-day moving average of $168.77. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $5.76 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 11th. Barclays reiterated an “underweight” rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Morgan Stanley lowered their price target on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Macquarie reduced their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Finally, Bank of America lowered their target price on shares of Vail Resorts from $185.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $190.20.

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.