Handelsbanken Fonder AB Acquires 29,800 Shares of Vail Resorts, Inc. (NYSE:MTN)

Handelsbanken Fonder AB grew its holdings in Vail Resorts, Inc. (NYSE:MTN) by 28.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,200 shares of the company’s stock after acquiring an additional 29,800 shares during the quarter. Handelsbanken Fonder AB owned 0.36% of Vail Resorts worth $29,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in Vail Resorts by 14,502.1% in the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock worth $10,255,000 after purchasing an additional 47,712 shares during the period. Oak Thistle LLC bought a new position in Vail Resorts in the fourth quarter worth $1,533,000. Nordea Investment Management AB lifted its position in Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after purchasing an additional 400,941 shares during the period. Galibier Capital Management Ltd. bought a new position in Vail Resorts in the fourth quarter worth $3,932,000. Finally, Raymond James & Associates raised its stake in Vail Resorts by 4.6% during the fourth quarter. Raymond James & Associates now owns 74,599 shares of the company’s stock worth $15,925,000 after acquiring an additional 3,278 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Vail Resorts Price Performance

Vail Resorts stock opened at $202.68 on Tuesday. The business’s 50-day simple moving average is $224.44 and its 200 day simple moving average is $221.25. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 2.17 and a beta of 1.11. Vail Resorts, Inc. has a 12-month low of $200.51 and a 12-month 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.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.07 by ($0.31). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. Vail Resorts’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.16 EPS. As a group, research analysts anticipate that Vail Resorts, Inc. will post 7.69 earnings per share for the current year.

Vail Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $2.22 dividend. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 annualized dividend and a yield of 4.38%. Vail Resorts’s dividend payout ratio (DPR) is currently 148.25%.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. JPMorgan Chase & Co. dropped their price objective on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a research note on Monday. Truist Financial reiterated a “buy” rating and set a $290.00 price objective on shares of Vail Resorts in a research note on Friday, January 19th. Stifel Nicolaus reiterated a “buy” rating and set a $263.00 price objective on shares of Vail Resorts in a research note on Friday, March 22nd. Finally, Mizuho assumed coverage on Vail Resorts in a research note on Tuesday, March 26th. They set a “buy” rating and a $256.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $260.11.

Vail Resorts Company 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.