ExodusPoint Capital Management LP Buys New Position in Vail Resorts, Inc. (NYSE:MTN)

ExodusPoint Capital Management LP purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,712 shares of the company’s stock, valued at approximately $7,444,000. ExodusPoint Capital Management LP owned 0.11% of Vail Resorts as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in shares of Vail Resorts in the 4th quarter valued at $5,869,000. HighPoint Advisor Group LLC purchased a new position in Vail Resorts during the 4th quarter worth $279,000. B. Metzler seel. Sohn & Co. AG increased its stake in Vail Resorts by 57.5% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 10,405 shares of the company’s stock valued at $1,950,000 after purchasing an additional 3,797 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Vail Resorts in the fourth quarter valued at about $224,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Vail Resorts by 84.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 51,746 shares of the company’s stock worth $9,322,000 after buying an additional 23,712 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

MTN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Morgan Stanley decreased their price target on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Truist Financial dropped their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. Finally, StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $193.56.

Vail Resorts Trading Down 6.5 %

Shares of MTN opened at $144.94 on Friday. Vail Resorts, Inc. has a twelve month low of $144.83 and a twelve month high of $233.57. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of $5.41 billion, a P/E ratio of 24.08, a PEG ratio of 1.93 and a beta of 0.93. The firm’s 50-day moving average is $161.95 and its two-hundred day moving average is $173.37.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $5.76 EPS. On average, research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 6.13%. Vail Resorts’s payout ratio is 130.21%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired 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 directly owns 2,956 shares of the company’s stock, valued at $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

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.