Raiffeisen Bank International AG Purchases New Shares in Vail Resorts, Inc. (NYSE:MTN)

Raiffeisen Bank International AG acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,620 shares of the company’s stock, valued at approximately $307,000.

Several other institutional investors have also added to or reduced their stakes in MTN. Raleigh Capital Management Inc. increased its position in shares of Vail Resorts by 20.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock valued at $74,000 after buying an additional 67 shares during the period. Sterling Capital Management LLC raised its position in shares of Vail Resorts by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock worth $165,000 after acquiring an additional 69 shares in the last quarter. Accretive Wealth Partners LLC lifted its stake in shares of Vail Resorts by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock valued at $992,000 after purchasing an additional 80 shares during the period. UMB Bank n.a. lifted its stake in shares of Vail Resorts by 37.9% in the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after purchasing an additional 83 shares during the period. Finally, Argonautica Private Wealth Management Inc. boosted its position in shares of Vail Resorts by 6.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock valued at $277,000 after purchasing an additional 96 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTN has been the subject of several recent research reports. Macquarie lowered their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Mizuho lowered their price target on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Bank of America cut their price objective on shares of Vail Resorts from $185.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Barclays reiterated an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. upped their price target on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $187.60.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now owns 2,956 shares of the company’s stock, valued at $472,960. This represents a 6.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

MTN opened at $152.54 on Friday. The company’s 50-day simple moving average is $147.87 and its two-hundred day simple moving average is $165.81. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The stock has a market capitalization of $5.70 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $204.72.

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, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $5.76 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a dividend of $2.22 per share. The ex-dividend date was Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 5.82%. Vail Resorts’s payout ratio is 130.21%.

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.