C M Bidwell & Associates Ltd. Has $4.16 Million Stake in Vail Resorts, Inc. (MTN)
C M Bidwell & Associates Ltd. reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 20.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,520 shares of the company’s stock after selling 5,355 shares during the period. C M Bidwell & Associates Ltd. owned 0.05% of Vail Resorts worth $4,162,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of Vail Resorts by 127.4% during the first quarter. Morgan Stanley now owns 108,825 shares of the company’s stock worth $20,884,000 after purchasing an additional 60,960 shares during the period. Capstone Asset Management Co. boosted its holdings in shares of Vail Resorts by 375.5% during the second quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock worth $1,419,000 after purchasing an additional 5,523 shares during the period. Credit Suisse AG boosted its holdings in shares of Vail Resorts by 1.8% during the first quarter. Credit Suisse AG now owns 117,415 shares of the company’s stock worth $22,532,000 after purchasing an additional 2,063 shares during the period. Covington Capital Management boosted its holdings in shares of Vail Resorts by 10.9% during the first quarter. Covington Capital Management now owns 5,598 shares of the company’s stock worth $1,074,000 after purchasing an additional 550 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of Vail Resorts by 0.3% during the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after purchasing an additional 8 shares during the period. Institutional investors own 96.49% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded up 1.03% during mid-day trading on Friday, reaching $217.65. 568,601 shares of the company’s stock traded hands. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 41.70 and a beta of 0.50. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $232.71. The stock has a 50-day moving average price of $225.06 and a 200 day moving average price of $208.43.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.81) by $0.38. The business had revenue of $209.10 million for the quarter, compared to the consensus estimate of $210.92 million. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.80) EPS. Analysts anticipate that Vail Resorts, Inc. will post $6.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th will be paid a $1.053 dividend. The ex-dividend date is Friday, October 6th. This represents a $4.21 dividend on an annualized basis and a yield of 1.94%. Vail Resorts’s dividend payout ratio is currently 85.92%.
MTN has been the subject of a number of analyst reports. KeyCorp reiterated an “overweight” rating and set a $250.00 target price on shares of Vail Resorts in a report on Wednesday, August 30th. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. BidaskClub lowered shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. William Blair started coverage on shares of Vail Resorts in a report on Friday, July 21st. They set an “outperform” rating for the company. Finally, Janney Montgomery Scott raised their price objective on shares of Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, June 12th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Vail Resorts presently has an average rating of “Buy” and a consensus price target of $245.14.
In other news, Chairman Robert A. Katz sold 44,801 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $217.44, for a total value of $9,741,529.44. Following the completion of the sale, the chairman now owns 496,166 shares of the company’s stock, valued at approximately $107,886,335.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert A. Katz sold 55,976 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the completion of the sale, the chairman now directly owns 496,166 shares of the company’s stock, valued at approximately $109,325,216.44. The disclosure for this sale can be found here. Insiders sold a total of 216,677 shares of company stock worth $47,426,088 over the last 90 days. Insiders own 4.60% of the company’s stock.
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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