Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Amalgamated Bank

Amalgamated Bank boosted its position in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) by 301.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,282 shares of the company’s stock after purchasing an additional 18,982 shares during the period. Amalgamated Bank owned 0.07% of Vail Resorts worth $5,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MTN. Select Equity Group L.P. boosted its position in Vail Resorts by 80.5% during the fourth quarter. Select Equity Group L.P. now owns 2,612,048 shares of the company’s stock valued at $622,582,000 after purchasing an additional 1,165,211 shares during the last quarter. Norges Bank acquired a new stake in shares of Vail Resorts in the fourth quarter worth about $98,690,000. Macquarie Group Ltd. lifted its position in shares of Vail Resorts by 38.1% in the second quarter. Macquarie Group Ltd. now owns 656,205 shares of the company’s stock worth $143,086,000 after buying an additional 181,198 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Vail Resorts by 7.9% in the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock worth $398,393,000 after buying an additional 131,170 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Vail Resorts by 369.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 158,011 shares of the company’s stock worth $41,126,000 after buying an additional 124,379 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Vail Resorts

In related news, Director Hilary Schneider sold 2,565 shares of Vail Resorts stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $226.40, for a total value of $580,716.00. Following the sale, the director now owns 14,799 shares of the company’s stock, valued at $3,350,493.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $221.31 on Wednesday. The company has a market capitalization of $8.40 billion, a PE ratio of 41.06, a PEG ratio of 1.72 and a beta of 1.13. Vail Resorts, Inc. has a 12 month low of $204.88 and a 12 month high of $258.68. The company has a current ratio of 0.83, a quick ratio of 0.72 and a debt-to-equity ratio of 2.94. The stock’s fifty day simple moving average is $220.02 and its 200 day simple moving average is $224.67.

Vail Resorts (NYSE:MTNGet Free Report) last released its quarterly earnings results on Thursday, December 7th. The company reported ($4.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.59) by ($0.01). The firm had revenue of $258.57 million during the quarter, compared to analyst estimates of $272.88 million. Vail Resorts had a net margin of 8.00% and a return on equity of 16.28%. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($3.40) EPS. On average, research analysts predict that Vail Resorts, Inc. will post 8.95 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, December 22nd. Vail Resorts’s dividend payout ratio is currently 152.88%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $273.00 to $266.00 and set a “hold” rating for the company in a research report on Wednesday, December 6th. Morgan Stanley dropped their price objective on Vail Resorts from $276.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Friday, December 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $290.00 price objective on shares of Vail Resorts in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $270.00.

Read Our Latest Stock Analysis on Vail Resorts

About Vail Resorts

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.