M&T Bank Corp Acquires New Holdings in Vail Resorts, Inc. $MTN

M&T Bank Corp acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 214,763 shares of the company’s stock, valued at approximately $28,521,000.

Several other hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY lifted its position in Vail Resorts by 4.1% in the 3rd quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after purchasing an additional 227,143 shares during the last quarter. Capital International Investors lifted its position in Vail Resorts by 1.5% in the 3rd quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock valued at $748,248,000 after purchasing an additional 74,528 shares during the last quarter. Capital World Investors lifted its position in Vail Resorts by 67.0% in the 3rd quarter. Capital World Investors now owns 3,013,463 shares of the company’s stock valued at $450,724,000 after purchasing an additional 1,208,874 shares during the last quarter. UBS Group AG lifted its position in Vail Resorts by 22.4% in the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock valued at $106,723,000 after purchasing an additional 130,460 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Vail Resorts by 6.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 601,308 shares of the company’s stock valued at $89,931,000 after purchasing an additional 34,941 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MTN shares. JPMorgan Chase & Co. decreased their target price on shares of Vail Resorts from $172.00 to $156.00 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Jefferies Financial Group raised shares of Vail Resorts from a “hold” rating to a “buy” rating and raised their target price for the company from $159.00 to $165.00 in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Stifel Nicolaus lowered their target price on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Morgan Stanley lowered their target price on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $162.27.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 190 shares of Vail Resorts stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the acquisition, the chief financial officer owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. This represents a 3.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Katz bought 37,500 shares of Vail Resorts stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the acquisition, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at $37,606,974.72. This represents a 15.13% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.20% of the company’s stock.

Vail Resorts Stock Down 2.0%

Vail Resorts stock opened at $130.04 on Thursday. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 9.58 and a beta of 0.79. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. The company’s 50-day moving average price is $133.92 and its two-hundred day moving average price is $140.19. Vail Resorts, Inc. has a 52 week low of $123.82 and a 52 week high of $175.51.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $6.56 EPS. On average, analysts expect that Vail Resorts, Inc. will post 5.09 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $8.88 annualized dividend and a yield of 6.8%. Vail Resorts’s dividend payout ratio is currently 144.86%.

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.