Aigen Investment Management LP Purchases Shares of 12,811 Vail Resorts, Inc. $MTN

Aigen Investment Management LP purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 12,811 shares of the company’s stock, valued at approximately $1,701,000.

Other institutional investors also recently modified their holdings of the company. BOKF NA increased its holdings in shares of Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Golden State Wealth Management LLC raised its stake in Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Danske Bank A S acquired a new stake in Vail Resorts during the 3rd quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Vail Resorts by 1,585.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after purchasing an additional 222 shares during the period. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MTN shares. Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. BNP Paribas Exane reissued an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Mizuho set a $174.00 target price on shares of Vail Resorts in a research note on Tuesday. Finally, Morgan Stanley lowered their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average price target of $151.45.

Vail Resorts Trading Down 2.1%

Shares of NYSE:MTN opened at $133.48 on Friday. The stock has a market capitalization of $4.76 billion, a PE ratio of 30.34, a P/E/G ratio of 12.40 and a beta of 0.72. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $172.00. The firm has a fifty day moving average price of $128.70 and a 200 day moving average price of $135.20. The company has a current ratio of 0.91, a quick ratio of 0.51 and a debt-to-equity ratio of 3.22.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $10.54 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis. Analysts expect that Vail Resorts, Inc. will post 4.37 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Thursday, June 25th. Vail Resorts’s dividend payout ratio is 201.82%.

Insider Transactions at Vail Resorts

In related news, CEO Robert A. Katz acquired 37,500 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the transaction, the chief executive officer owned 285,312 shares of the company’s stock, valued at approximately $37,606,974.72. This represents a 15.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Angela A. Korch acquired 190 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $131.85 per share, with a total value of $25,051.50. Following the transaction, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at $730,317.15. The trade was a 3.55% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.