California First Leasing Corp Grows Position in Vail Resorts, Inc. (NYSE:MTN)

California First Leasing Corp lifted its stake in Vail Resorts, Inc. (NYSE:MTN) by 24.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,648 shares of the company’s stock after buying an additional 2,840 shares during the quarter. Vail Resorts comprises 1.1% of California First Leasing Corp’s portfolio, making the stock its 28th biggest holding. California First Leasing Corp’s holdings in Vail Resorts were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new position in Vail Resorts during the 4th quarter valued at approximately $3,134,000. Western Pacific Wealth Management LP bought a new stake in Vail Resorts during the 4th quarter valued at $291,000. Stifel Financial Corp raised its position in shares of Vail Resorts by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock worth $3,683,000 after acquiring an additional 6,816 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Vail Resorts by 17.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock worth $5,187,000 after buying an additional 4,080 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Vail Resorts by 409.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,538 shares of the company’s stock worth $861,000 after buying an additional 3,648 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Performance

Shares of NYSE MTN opened at $159.14 on Friday. The firm’s 50-day moving average price is $172.98 and its two-hundred day moving average price is $176.84. The stock has a market capitalization of $5.96 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.93 and a beta of 1.11. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 52-week low of $154.27 and a 52-week high of $235.81.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The company had revenue of $260.28 million for the quarter, compared to analysts’ expectations 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 for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($4.60) earnings per share. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were given a $2.22 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 5.58%. Vail Resorts’s dividend payout ratio (DPR) is 147.51%.

Wall Street Analyst Weigh In

MTN has been the topic of several research analyst reports. Truist Financial dropped their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $197.00 price target on shares of Vail Resorts in a report on Monday, December 23rd. Stifel Nicolaus increased their price target on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Macquarie increased their price objective on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, UBS Group started coverage on Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $204.50.

Vail Resorts 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.