Asset Management One Co. Ltd. Makes New $367,000 Investment in Vail Resorts, Inc. $MTN

Asset Management One Co. Ltd. bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,336 shares of the company’s stock, valued at approximately $367,000.

A number of other institutional investors have also recently made changes to their positions in MTN. Ethic Inc. increased its holdings in Vail Resorts by 55.8% in the 2nd quarter. Ethic Inc. now owns 3,500 shares of the company’s stock worth $550,000 after acquiring an additional 1,254 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its holdings in Vail Resorts by 4.9% during the second quarter. Argonautica Private Wealth Management Inc. now owns 1,719 shares of the company’s stock valued at $270,000 after purchasing an additional 81 shares during the last quarter. Aurora Investment Counsel boosted its position in Vail Resorts by 1.7% during the second quarter. Aurora Investment Counsel now owns 14,400 shares of the company’s stock worth $2,263,000 after purchasing an additional 247 shares during the period. VELA Investment Management LLC increased its stake in shares of Vail Resorts by 17.3% in the second quarter. VELA Investment Management LLC now owns 2,844 shares of the company’s stock worth $447,000 after purchasing an additional 419 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Vail Resorts by 161.3% in the second quarter. Allianz Asset Management GmbH now owns 11,072 shares of the company’s stock worth $1,740,000 after purchasing an additional 6,835 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Activity

In related news, CFO Angela A. Korch bought 210 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. The trade was a 4.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN opened at $145.33 on Friday. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The company has a market cap of $5.21 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86. The stock has a 50-day moving average price of $152.64 and a 200-day moving average price of $152.42.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The company had revenue of $271.29 million during the quarter, compared to analysts’ expectations of $272.87 million. During the same period in the prior year, the business earned ($4.67) earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 9th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, October 9th. This represents a $8.88 annualized dividend and a dividend yield of 6.1%. Vail Resorts’s dividend payout ratio (DPR) is 119.84%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Barclays lowered their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Tuesday, September 30th. Bank of America cut their price target on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Truist Financial reduced their price target on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Finally, Morgan Stanley boosted their price objective on Vail Resorts from $146.00 to $153.00 and gave the company an “equal weight” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $175.60.

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.