Alberta Investment Management Corp Acquires Shares of 16,720 Vail Resorts, Inc. (NYSE:MTN)

Alberta Investment Management Corp bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,720 shares of the company’s stock, valued at approximately $3,134,000.

A number of other large investors have also modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in shares of Vail Resorts in the third quarter worth about $25,000. Heck Capital Advisors LLC acquired a new stake in Vail Resorts in the 4th quarter valued at about $33,000. Blue Trust Inc. lifted its stake in Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 148 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Vail Resorts during the 4th quarter worth approximately $40,000. Finally, UMB Bank n.a. grew its position in shares of Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

MTN has been the topic of a number of analyst reports. Mizuho lifted their price objective on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. UBS Group initiated coverage on Vail Resorts in a report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley restated an “equal weight” rating and set a $197.00 price objective on shares of Vail Resorts in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Vail Resorts has an average rating of “Hold” and an average target price of $204.50.

Vail Resorts Price Performance

Shares of MTN opened at $158.43 on Friday. The firm has a 50-day simple moving average of $176.47 and a two-hundred day simple moving average of $177.37. The stock has a market cap of $5.93 billion, a PE ratio of 26.32, a P/E/G ratio of 1.96 and a beta of 1.11. Vail Resorts, Inc. has a 1-year low of $158.27 and a 1-year high of $236.92. 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 posted its earnings results 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 firm had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same quarter last year, the firm earned ($4.60) EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company 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 dividend yield of 5.61%. Vail Resorts’s dividend payout ratio is presently 147.51%.

Vail Resorts Company 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.