Galibier Capital Management Ltd. Makes New $3.93 Million Investment in Vail Resorts, Inc. (NYSE:MTN)

Galibier Capital Management Ltd. acquired a new position in Vail Resorts, Inc. (NYSE:MTNFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,418 shares of the company’s stock, valued at approximately $3,932,000. Vail Resorts comprises approximately 1.0% of Galibier Capital Management Ltd.’s portfolio, making the stock its 16th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Aspire Private Capital LLC increased its position in shares of Vail Resorts by 6.3% during the 4th quarter. Aspire Private Capital LLC now owns 822 shares of the company’s stock valued at $195,869,595,000 after purchasing an additional 49 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Vail Resorts by 5.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock valued at $208,000 after acquiring an additional 50 shares during the period. Kinneret Advisory LLC boosted its holdings in Vail Resorts by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 2,315 shares of the company’s stock valued at $607,000 after acquiring an additional 51 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Vail Resorts by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 18,452 shares of the company’s stock valued at $4,317,000 after acquiring an additional 51 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Vail Resorts by 4.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock valued at $303,000 after acquiring an additional 55 shares during the period. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Up 1.8 %

MTN stock traded up $4.06 during trading on Wednesday, reaching $225.29. 399,394 shares of the company traded hands, compared to its average volume of 456,526. Vail Resorts, Inc. has a 12 month low of $204.88 and a 12 month high of $258.13. The business has a 50 day simple moving average of $224.48 and a 200 day simple moving average of $222.29. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 2.36 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96.

Vail Resorts (NYSE:MTNGet Free Report) last released its quarterly earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business posted $5.16 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 7.75 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 3.94%. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date is Wednesday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

Insider Transactions at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the transaction, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Mizuho assumed coverage on Vail Resorts in a report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price for the company. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $273.00 to $266.00 and set a “hold” rating for the company in a report on Wednesday, December 6th. Finally, Morgan Stanley upped their target price on Vail Resorts from $247.00 to $248.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $266.33.

View Our Latest Stock Report on Vail Resorts

Vail Resorts Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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