Numeric Investors LLC Has $406,000 Stake in Vail Resorts, Inc. (MTN)
Numeric Investors LLC lessened its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 73.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,000 shares of the company’s stock after selling 5,600 shares during the quarter. Numeric Investors LLC’s holdings in Vail Resorts were worth $406,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia raised its position in shares of Vail Resorts by 284.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock valued at $100,000 after buying an additional 367 shares during the period. Strs Ohio purchased a new stake in shares of Vail Resorts during the 2nd quarter valued at approximately $105,000. SG Americas Securities LLC purchased a new stake in shares of Vail Resorts during the 2nd quarter valued at approximately $117,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Vail Resorts during the 2nd quarter valued at approximately $162,000. Finally, LS Investment Advisors LLC purchased a new stake in shares of Vail Resorts during the 2nd quarter valued at approximately $219,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vail Resorts, Inc. (NYSE:MTN) opened at 217.44 on Monday. Vail Resorts, Inc. has a 12-month low of $152.99 and a 12-month high of $232.71. The company has a 50-day moving average of $224.51 and a 200 day moving average of $209.77. The firm has a market cap of $8.72 billion, a P/E ratio of 41.66 and a beta of 0.50.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.81) by $0.38. The company 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%. Vail Resorts’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.80) earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post $6.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, October 6th. Vail Resorts’s dividend payout ratio is currently 85.92%.
Several analysts have recently commented on MTN shares. BidaskClub lowered shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. William Blair started coverage on shares of Vail Resorts in a research report on Friday, July 21st. They set an “outperform” rating on the stock. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. KeyCorp reiterated an “overweight” rating and issued a $250.00 target price on shares of Vail Resorts in a report on Wednesday, August 30th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $229.00 target price on shares of Vail Resorts in a report on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $245.14.
In other Vail Resorts news, CFO Michael Z. Barkin sold 7,953 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total transaction of $1,722,222.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert A. Katz sold 115,900 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $218.73, for a total transaction of $25,350,807.00. The disclosure for this sale can be found here. In 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 insiders.
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Vail Resorts 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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