Nisa Investment Advisors LLC Grows Holdings in Vail Resorts, Inc. (NYSE:MTN)

Nisa Investment Advisors LLC grew its stake in Vail Resorts, Inc. (NYSE:MTN) by 589.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,447 shares of the company’s stock after buying an additional 2,947 shares during the period. Nisa Investment Advisors LLC’s holdings in Vail Resorts were worth $736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bamco Inc. NY grew its stake in Vail Resorts by 1.1% in the 3rd quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock worth $1,047,590,000 after buying an additional 51,630 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Vail Resorts by 21.2% in the 1st quarter. Select Equity Group L.P. now owns 3,165,296 shares of the company’s stock worth $739,666,000 after acquiring an additional 553,248 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Vail Resorts by 7.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock worth $398,393,000 after acquiring an additional 131,170 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Vail Resorts by 9.6% in the 1st quarter. Macquarie Group Ltd. now owns 794,179 shares of the company’s stock worth $185,584,000 after acquiring an additional 69,454 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Vail Resorts by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 564,557 shares of the company’s stock worth $131,727,000 after acquiring an additional 20,408 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MTN. Truist Financial restated a “buy” rating and issued a $290.00 price objective on shares of Vail Resorts in a report on Friday, January 19th. Morgan Stanley boosted their price objective on shares of Vail Resorts from $247.00 to $248.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Mizuho began coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and issued a $263.00 price objective on shares of Vail Resorts in a report on Friday, March 22nd. Finally, Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $285.00 to $250.00 in a report on Friday, March 8th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $266.33.

Vail Resorts Trading Down 1.3 %

NYSE:MTN opened at $223.63 on Wednesday. The company has a fifty day moving average of $225.56 and a 200 day moving average of $221.29. Vail Resorts, Inc. has a 52 week low of $204.88 and a 52 week high of $258.13. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $8.49 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.41 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.16 earnings per share. On average, research analysts predict that Vail Resorts, Inc. will post 7.75 earnings per share for the current year.

Vail Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $2.22 per share. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Wednesday, March 27th. Vail Resorts’s payout ratio is presently 148.25%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

About Vail Resorts

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.