Vail Resorts, Inc. (NYSE:MTN) shares acquired by abrdn plc

abrdn plc has sold its interest in the shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) increased 16.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 88,310 shares of the company, after purchasing an additional 12,241 shares during the quarter. abrdn plc’s holdings in Vail Resorts were worth $18,852,000 at the time of the most recent SEC filing.

A number of other institutional investors and hedge funds have also been buying and selling shares of the stock recently. The State of Alaska Department of Revenue bought a new stake in Vail Resorts stock in the third quarter worth approximately $1,017,000. Linden Thomas Advisory Services LLC acquired a new stake in shares of Vail Resorts in the 3rd quarter worth approximately $713,000. Ellsworth Advisors LLC purchased a new position in shares of Vail Resorts during the third quarter valued at approximately $725,000. Fjarde AP Fonden The fourth largest Swedish National Pension Fund increased its stake in Vail Resorts shares by 6.7% in the third quarter. Fjarde AP Fonden The Fourth Swedish National Pension Fund now owns 12,738 shares of the company’s stock worth $2,826,000 after acquiring an additional 800 shares during the period. Finally, Robeco Institutional Asset Management BV increased its position in Vail Resorts by 214.4% in the third quarter. Robeco Institutional Asset Management BV now owns 7,724 shares of the company’s stock worth $1,714,000 after purchasing an additional 5,267 shares during the last quarter. 94.94% of the shares are owned by hedge funds and other institutional investors.

Analyst upgrades and downgrades

Several research analysts have issued reports on MTN stock. JPMorgan Chase & Co. lowered his price objective on shares of Vail Resorts from $252.00 to $243.00 and gave the stock a “neutral” rating in a research report on Monday. Mizuho covered Vail Resorts in a report on Tuesday, March 26. They set a buy rating and a $256.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22. Morgan Stanley lowered their price objective on Vail Resorts from $242.00 to $229.00 and set an equalweight rating for the company in a research report on Monday. Finally, Truist Financial reissued a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $260.11.

Read our latest stock analysis on MTN

Vail Resorts shares fell 1.6%

Shares of Vail Resorts opened at $201.38 on Thursday. The stock’s 50-day moving average price is $223.63 and its 200-day moving average price is $221.05. Vail Resorts, Inc. has a one-year low of $200.21 and a one-year high of $258.13. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 33.62, a price-to-earnings growth ratio of 2.27, and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85.

Vail Resorts (NYSE:MTN – Get a Free Report) posted its latest earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The company had revenue of $1.08 billion for the quarter, compared to analyst expectations of $1.15 billion. During the same quarter of the previous year, the company posted earnings per share of $5.16. Vail Resorts’ revenue for the quarter fell 2.2% year over year. On average, sell-side analysts predict that Vail Resorts, Inc. will post earnings per share of 7.6 for the current fiscal year.

Vail Resorts increases dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11. Shareholders of note on Thursday, March 28 received a dividend of $2.22 per share. This is a positive change from Vail Resorts’ previous quarterly dividend of $2.06. This represents an annualized dividend of $8.88 and a yield of 4.41%. The ex-dividend date of this dividend was Wednesday, March 27. Vail Resorts’ dividend payout ratio currently stands at 148.25%.

Insider Buying and Selling at Vail Resorts

In other news, President Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred 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 completion of the sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Currently, 1.20% of the shares are owned by corporate insiders.

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, Accommodation and Real Estate. The mountain segment operates 41 mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, restaurant and retail/rental activities, as well as real estate brokerage activities.

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Would you like to see which other hedge funds own MTN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Vail Resorts, Inc. (NYSE:MTN – Free Report).

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