Plato Investment Management Ltd Acquires 2,465 Shares of Vail Resorts, Inc. (NYSE:MTN)

Plato Investment Management Ltd grew its position in Vail Resorts, Inc. (NYSE:MTN) by 82,166.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,468 shares of the company’s stock after purchasing an additional 2,465 shares during the quarter. Plato Investment Management Ltd’s holdings in Vail Resorts were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of Vail Resorts by 1.0% during the first quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock worth $402,716,000 after buying an additional 17,432 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Vail Resorts by 5.9% during the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after purchasing an additional 24,456 shares during the last quarter. Norges Bank purchased a new position in shares of Vail Resorts in the 4th quarter valued at about $85,704,000. Dimensional Fund Advisors LP increased its holdings in Vail Resorts by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock valued at $55,347,000 after acquiring an additional 6,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Vail Resorts by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 232,804 shares of the company’s stock worth $49,697,000 after acquiring an additional 3,383 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 575 shares of the business’s stock in a transaction on Monday, June 10th. The stock was bought at an average price of $176.20 per share, for a total transaction of $101,315.00. Following the acquisition, the chief financial officer now owns 1,171 shares in the company, valued at $206,330.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Vail Resorts Stock Performance

Vail Resorts stock traded down $2.71 during trading on Friday, hitting $173.85. The stock had a trading volume of 174,110 shares, compared to its average volume of 546,097. Vail Resorts, Inc. has a 1 year low of $165.14 and a 1 year high of $254.78. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.86 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. The stock’s 50 day moving average is $181.14 and its two-hundred day moving average is $204.89.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The firm 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%. As a group, analysts predict that Vail Resorts, Inc. will post 6.48 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were given a $2.22 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 5.11%. Vail Resorts’s payout ratio is presently 120.82%.

Wall Street Analysts Forecast Growth

MTN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. Morgan Stanley lowered their target price on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, June 7th. Mizuho reduced their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. JPMorgan Chase & Co. lowered Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Finally, Stifel Nicolaus decreased their price objective on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $221.50.

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.