Insider Selling: Vail Resorts Inc. (MTN) Director Sells 4,688 Shares of Stock
Vail Resorts Inc. (NYSE:MTN) Director John F. Sorte sold 4,688 shares of the stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $155.94, for a total transaction of $731,046.72. Following the transaction, the director now directly owns 63,147 shares in the company, valued at approximately $9,847,143.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Vail Resorts Inc. (NYSE:MTN) opened at 156.88 on Friday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 39.12 and a beta of 0.70. Vail Resorts Inc. has a one year low of $103.18 and a one year high of $162.95. The firm’s 50-day moving average is $159.00 and its 200 day moving average is $141.09.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing analysts’ consensus estimates of ($1.67) by $0.13. The company earned $179.88 million during the quarter. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. Vail Resorts’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.92) earnings per share. Analysts forecast that Vail Resorts Inc. will post $5.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Friday, October 7th will be paid a dividend of $0.81 per share. The ex-dividend date is Wednesday, October 5th. This represents a $3.24 dividend on an annualized basis and a yield of 2.07%. Vail Resorts’s payout ratio is 82.23%.
A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Vail Resorts during the fourth quarter worth about $48,741,000. Acadian Asset Management LLC boosted its stake in Vail Resorts by 668.6% in the first quarter. Acadian Asset Management LLC now owns 7,140 shares of the company’s stock worth $955,000 after buying an additional 6,211 shares during the last quarter. Aperio Group LLC boosted its stake in Vail Resorts by 30.1% in the first quarter. Aperio Group LLC now owns 4,378 shares of the company’s stock worth $585,000 after buying an additional 1,013 shares during the last quarter. Virginia Retirement System acquired a new stake in Vail Resorts during the first quarter worth about $308,000. Finally, CIBC World Markets Inc. boosted its stake in Vail Resorts by 50.5% in the first quarter. CIBC World Markets Inc. now owns 17,156 shares of the company’s stock worth $2,294,000 after buying an additional 5,757 shares during the last quarter. 98.48% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on MTN shares. Janney Montgomery Scott reaffirmed a “buy” rating and set a $153.00 price target (up previously from $150.00) on shares of Vail Resorts in a research note on Friday, June 10th. MKM Partners increased their price objective on shares of Vail Resorts from $147.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, June 10th. Bank of America Corp. reissued a “buy” rating on shares of Vail Resorts in a research report on Friday, June 10th. Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, KeyCorp increased their price objective on shares of Vail Resorts from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $153.76.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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