Harvest Fund Management Co. Ltd Makes New $92,000 Investment in Vail Resorts, Inc. (NYSE:MTN)

Harvest Fund Management Co. Ltd acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 492 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in Vail Resorts in the 4th quarter valued at approximately $33,000. Blue Trust Inc. raised its stake in shares of Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after acquiring an additional 148 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Vail Resorts in the fourth quarter valued at $40,000. UMB Bank n.a. boosted its holdings in 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 during the period. Finally, Quarry LP grew its stake in Vail Resorts by 418.6% during the 3rd quarter. Quarry LP now owns 363 shares of the company’s stock worth $63,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MTN. Morgan Stanley decreased their price objective on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price objective 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. Macquarie decreased their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, Truist Financial lowered their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Vail Resorts currently has an average rating of “Hold” and an average target price of $193.56.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the transaction, the chief financial officer now owns 2,956 shares in the company, valued at $472,960. This represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Vail Resorts Stock Down 0.0 %

Vail Resorts stock opened at $160.43 on Monday. The company has a market capitalization of $5.99 billion, a P/E ratio of 26.65, a PEG ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. Vail Resorts, Inc. has a fifty-two week low of $151.99 and a fifty-two week high of $233.57. The stock has a 50-day simple moving average of $165.52 and a 200-day simple moving average of $174.79.

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

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio is currently 130.21%.

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.