Polymer Capital Management US LLC Acquires New Holdings in Vail Resorts, Inc. (NYSE:MTN)

Polymer Capital Management US LLC bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,660 shares of the company’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alberta Investment Management Corp purchased a new stake in shares of Vail Resorts during the 4th quarter worth $3,134,000. Western Pacific Wealth Management LP purchased a new stake in shares of Vail Resorts during the fourth quarter valued at about $291,000. Stifel Financial Corp boosted its holdings 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 valued at $3,683,000 after buying an additional 6,816 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Vail Resorts by 146.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company’s stock worth $24,946,000 after buying an additional 79,183 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Vail Resorts by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock worth $696,687,000 after buying an additional 25,916 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $160.00 per share, with a total value of $29,600.00. Following the purchase, 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 accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on MTN shares. Stifel Nicolaus raised their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Mizuho dropped their target price on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Barclays reiterated an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Finally, 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. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $193.56.

Vail Resorts Stock Performance

MTN opened at $137.42 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 12-month low of $134.67 and a 12-month high of $233.57. The firm has a 50 day moving average of $161.18 and a two-hundred day moving average of $172.88. The firm has a market capitalization of $5.13 billion, a PE ratio of 22.83, a P/E/G ratio of 1.93 and a beta of 0.93.

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

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.46%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

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.