Benjamin Edwards Inc. Has $498,000 Stake in Vail Resorts, Inc. (NYSE:MTN)

Benjamin Edwards Inc. lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 38.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,657 shares of the company’s stock after purchasing an additional 734 shares during the period. Benjamin Edwards Inc.’s holdings in Vail Resorts were worth $498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $80,669,000. The Manufacturers Life Insurance Company grew its position in shares of Vail Resorts by 42.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock valued at $183,039,000 after purchasing an additional 289,484 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Vail Resorts in the fourth quarter valued at approximately $42,532,000. DnB Asset Management AS acquired a new stake in Vail Resorts during the 4th quarter worth approximately $33,286,000. Finally, Schonfeld Strategic Advisors LLC boosted its stake in Vail Resorts by 402.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 186,356 shares of the company’s stock valued at $34,932,000 after purchasing an additional 149,237 shares during the period. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MTN. Mizuho lowered their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lifted their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. Morgan Stanley set a $152.00 target price on shares of Vail Resorts in a report on Friday, April 25th. Macquarie cut their price target on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, Barclays reiterated an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $187.60.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $145.15 on Friday. The company’s 50 day moving average price is $148.66 and its two-hundred day moving average price is $166.45. The firm has a market capitalization of $5.42 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $206.38. 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 issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.76 EPS. On average, equities analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts’s payout ratio is 130.21%.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

About Vail Resorts

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.