AMF Tjanstepension AB Makes New Investment in Vail Resorts, Inc. (NYSE:MTN)

AMF Tjanstepension AB bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 65,733 shares of the company’s stock, valued at approximately $14,669,000. AMF Tjanstepension AB owned approximately 0.17% of Vail Resorts as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of Vail Resorts by 14,502.1% in the 4th quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock worth $10,255,000 after buying an additional 47,712 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $1,533,000. Nordea Investment Management AB increased its stake in shares of Vail Resorts by 2,451.9% during the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after purchasing an additional 400,941 shares in the last quarter. Galibier Capital Management Ltd. acquired a new position in shares of Vail Resorts during the 4th quarter worth approximately $3,932,000. Finally, Junto Capital Management LP acquired a new position in shares of Vail Resorts during the 4th quarter worth approximately $14,011,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

MTN has been the subject of several recent research reports. Stifel Nicolaus dropped their price target on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Morgan Stanley dropped their price objective on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. Bank of America downgraded shares of Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Finally, Barclays lowered their target price on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research note on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average target price of $221.50.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch acquired 575 shares of the business’s stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $176.20 per share, for a total transaction of $101,315.00. Following the completion of the purchase, the chief financial officer now directly owns 1,171 shares of the company’s stock, valued at approximately $206,330.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Stock Up 0.6 %

Shares of NYSE:MTN opened at $180.09 on Friday. The stock has a 50-day simple moving average of $190.71 and a 200-day simple moving average of $211.63. The stock has a market capitalization of $6.77 billion, a P/E ratio of 24.50, a PEG ratio of 2.96 and a beta of 1.14. Vail Resorts, Inc. has a 1 year low of $165.14 and a 1 year high of $254.78. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, June 6th. The company reported $9.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.94 by ($0.40). The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. Equities analysts forecast that Vail Resorts, Inc. will post 6.48 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be paid a $2.22 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 4.93%. Vail Resorts’s dividend payout ratio (DPR) is presently 120.82%.

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.