Vail Resorts, Inc. (MTN) Holdings Trimmed by National Asset Management Inc.
National Asset Management Inc. trimmed its position in Vail Resorts, Inc. (NYSE:MTN) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,587 shares of the company’s stock after selling 486 shares during the quarter. National Asset Management Inc.’s holdings in Vail Resorts were worth $728,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in Vail Resorts by 127.4% in the 1st quarter. Morgan Stanley now owns 108,825 shares of the company’s stock valued at $20,884,000 after purchasing an additional 60,960 shares during the last quarter. Capstone Asset Management Co. boosted its holdings in Vail Resorts by 375.5% in the 2nd quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock valued at $1,419,000 after purchasing an additional 5,523 shares during the last quarter. Credit Suisse AG boosted its holdings in Vail Resorts by 1.8% in the 1st quarter. Credit Suisse AG now owns 117,415 shares of the company’s stock valued at $22,532,000 after purchasing an additional 2,063 shares during the last quarter. Covington Capital Management boosted its holdings in Vail Resorts by 10.9% in the 1st quarter. Covington Capital Management now owns 5,598 shares of the company’s stock valued at $1,074,000 after purchasing an additional 550 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in Vail Resorts by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock valued at $562,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 96.49% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded up 0.29% during trading on Friday, hitting $217.59. 55,166 shares of the stock traded hands. Vail Resorts, Inc. has a 52-week low of $152.71 and a 52-week high of $232.71. The firm has a market cap of $8.72 billion, a PE ratio of 41.68 and a beta of 0.50. The company’s 50 day moving average is $224.53 and its 200 day moving average is $209.27.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.81) by $0.38. The firm had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. Vail Resorts’s revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.80) earnings per share. On average, equities research analysts predict that Vail Resorts, Inc. will post $6.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th will be given a dividend of $1.053 per share. The ex-dividend date of this dividend 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 (DPR) is 85.92%.
Several brokerages have recently commented on MTN. BidaskClub lowered shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. William Blair began coverage on shares of Vail Resorts in a report on Friday, July 21st. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Barclays PLC upped their price objective on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $232.00 price objective (up from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Vail Resorts currently has an average rating of “Buy” and a consensus price target of $245.14.
In other Vail Resorts news, insider Robert A. Katz sold 115,900 shares of Vail Resorts stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $218.73, for a total transaction of $25,350,807.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert A. Katz sold 55,976 shares of Vail Resorts stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the transaction, the chairman now directly owns 496,166 shares in the company, valued at $109,325,216.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,227 shares of company stock worth $50,578,144. 4.60% of the stock is currently owned by corporate insiders.
About Vail Resorts
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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