Insider Selling: Vail Resorts, Inc. (MTN) Chairman Sells 55,976 Shares of Stock
Vail Resorts, Inc. (NYSE:MTN) Chairman Robert A. Katz sold 55,976 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total value of $12,333,751.84. Following the transaction, the chairman now directly owns 496,166 shares in the company, valued at approximately $109,325,216.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded up 1.03% during trading on Friday, hitting $217.65. The stock had a trading volume of 568,601 shares. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $232.71. The company has a market cap of $8.72 billion, a PE ratio of 41.70 and a beta of 0.50. The stock’s 50 day moving average is $225.12 and its 200-day moving average is $208.23.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The firm had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. During the same quarter last year, the firm earned ($1.80) earnings per share. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts forecast that Vail Resorts, Inc. will post $6.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 10th will be issued a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, October 6th. Vail Resorts’s payout ratio is currently 85.92%.
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A number of institutional investors have recently modified their holdings of MTN. Karp Capital Management Corp acquired a new position in Vail Resorts in the first quarter valued at $1,303,000. Trexquant Investment LP acquired a new position in Vail Resorts in the first quarter valued at $230,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Vail Resorts by 4.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,975 shares of the company’s stock valued at $379,000 after acquiring an additional 76 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Vail Resorts by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,397 shares of the company’s stock valued at $842,000 after acquiring an additional 103 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Vail Resorts by 10.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,630 shares of the company’s stock valued at $313,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.
A number of equities analysts have weighed in on MTN shares. Stifel Nicolaus reissued a “buy” rating and set a $229.00 price objective (up previously from $205.00) on shares of Vail Resorts in a research note on Sunday, June 11th. Bank of America Corporation reaffirmed a “buy” rating and issued a $228.00 price target (up previously from $205.00) on shares of Vail Resorts in a research note on Friday, June 9th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $260.00 price target (up previously from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. BidaskClub lowered Vail Resorts from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $266.00 price target (up previously from $264.00) on shares of Vail Resorts in a research note on Monday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $245.14.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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