Farringdon Capital Ltd. Purchases Shares of 2,132 Vail Resorts, Inc. (NYSE:MTN)

Farringdon Capital Ltd. acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,132 shares of the company’s stock, valued at approximately $400,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock worth $696,687,000 after acquiring an additional 25,916 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Vail Resorts by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company’s stock valued at $225,348,000 after purchasing an additional 47,417 shares during the last quarter. First Pacific Advisors LP boosted its stake in shares of Vail Resorts by 12.4% during the fourth quarter. First Pacific Advisors LP now owns 522,285 shares of the company’s stock valued at $97,902,000 after purchasing an additional 57,484 shares during the period. River Road Asset Management LLC grew its holdings in shares of Vail Resorts by 30.2% in the fourth quarter. River Road Asset Management LLC now owns 444,344 shares of the company’s stock worth $83,292,000 after purchasing an additional 103,033 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Vail Resorts in the fourth quarter worth $80,669,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company’s stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Up 0.5 %

Shares of NYSE:MTN opened at $138.21 on Friday. The firm has a market capitalization of $5.16 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The stock has a 50 day moving average price of $155.32 and a 200-day moving average price of $170.04. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $219.84.

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

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 6.43%. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

Analyst Ratings Changes

Several brokerages have weighed in on MTN. JPMorgan Chase & Co. increased their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday, March 11th. Mizuho dropped their target price on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Barclays restated an “underweight” rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Morgan Stanley dropped their price objective on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Finally, Macquarie cut their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $193.56.

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.