1,199 Shares in Vail Resorts, Inc. (NYSE:MTN) Bought by CIBC Asset Management Inc

CIBC Asset Management Inc purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,199 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds have also bought and sold shares of the company. River Road Asset Management LLC raised its stake in shares of Vail Resorts by 606.6% in the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after buying an additional 293,006 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Vail Resorts in the third quarter valued at $35,264,000. FMR LLC raised its stake in shares of Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after buying an additional 190,210 shares during the period. Ceredex Value Advisors LLC raised its stake in shares of Vail Resorts by 186.2% in the third quarter. Ceredex Value Advisors LLC now owns 245,318 shares of the company’s stock valued at $42,756,000 after buying an additional 159,600 shares during the period. Finally, Bamco Inc. NY raised its stake in shares of Vail Resorts by 2.7% in the third quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after buying an additional 136,328 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Stock Down 1.5 %

Shares of NYSE:MTN opened at $156.55 on Wednesday. Vail Resorts, Inc. has a 52-week low of $156.15 and a 52-week high of $235.81. The firm has a market capitalization of $5.86 billion, a P/E ratio of 26.00, a P/E/G ratio of 1.93 and a beta of 1.11. The stock has a 50 day moving average price of $174.53 and a 200-day moving average price of $177.20. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($4.60) EPS. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 5.67%. Vail Resorts’s dividend payout ratio is 147.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group assumed coverage on Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target for the company. Truist Financial reduced their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Macquarie lifted their price target on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Barclays lifted their price target on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their target price on Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $204.50.

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.