California First Leasing Corp Purchases 2,840 Shares of Vail Resorts, Inc. (NYSE:MTN)

California First Leasing Corp boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 24.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,648 shares of the company’s stock after purchasing an additional 2,840 shares during the period. Vail Resorts accounts for 1.1% of California First Leasing Corp’s portfolio, making the stock its 28th largest holding. California First Leasing Corp’s holdings in Vail Resorts were worth $2,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new stake in Vail Resorts in the fourth quarter valued at about $3,134,000. Western Pacific Wealth Management LP bought a new stake in Vail Resorts in the fourth quarter valued at about $291,000. Stifel Financial Corp increased its stake in Vail Resorts by 47.6% in the third quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock valued at $3,683,000 after acquiring an additional 6,816 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Vail Resorts by 17.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock valued at $5,187,000 after acquiring an additional 4,080 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Vail Resorts by 409.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,538 shares of the company’s stock valued at $861,000 after acquiring an additional 3,648 shares during the period. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Trading Up 2.1 %

Shares of NYSE MTN opened at $159.14 on Friday. The company’s 50 day simple moving average is $172.98 and its 200 day simple moving average is $176.84. Vail Resorts, Inc. has a fifty-two week low of $154.27 and a fifty-two week high of $235.81. The firm has a market capitalization of $5.96 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same period in the prior year, the business posted ($4.60) earnings per share. Vail Resorts’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 5.58%. Vail Resorts’s dividend payout ratio is currently 147.51%.

Analysts Set New Price Targets

A number of equities analysts have commented on MTN shares. Barclays boosted their price target on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Macquarie boosted their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Mizuho boosted their price target on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Truist Financial reduced their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $204.50.

Vail Resorts 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.