ExodusPoint Capital Management LP Buys Shares of 39,712 Vail Resorts, Inc. (NYSE:MTN)

ExodusPoint Capital Management LP purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 39,712 shares of the company’s stock, valued at approximately $7,444,000.

A number of other institutional investors have also modified their holdings of MTN. Norges Bank acquired a new stake in Vail Resorts during the fourth quarter worth approximately $80,669,000. Wealthfront Advisers LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth $42,532,000. Point72 Asset Management L.P. purchased a new stake in shares of Vail Resorts in the third quarter valued at $35,264,000. FMR LLC increased its stake in Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after purchasing an additional 190,210 shares during the last quarter. Finally, DnB Asset Management AS purchased a new position in Vail Resorts during the fourth quarter worth about $33,286,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Down 6.5 %

Shares of Vail Resorts stock opened at $144.94 on Friday. Vail Resorts, Inc. has a twelve month low of $144.83 and a twelve month high of $233.57. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company has a fifty day moving average price of $161.95 and a 200 day moving average price of $173.37.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.76 earnings per share. Equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.13%. Vail Resorts’s dividend payout ratio is currently 130.21%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday, December 9th. Barclays restated an “underweight” rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Macquarie cut their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Stifel Nicolaus upped their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley reduced their target price on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $193.56.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at approximately $472,960. This represents a 6.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.