American Century Companies Inc. Has $60.87 Million Stake in Vail Resorts, Inc. (MTN)
American Century Companies Inc. cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 266,839 shares of the company’s stock after selling 5,349 shares during the quarter. American Century Companies Inc. owned 0.66% of Vail Resorts worth $60,871,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Commonwealth Bank of Australia increased its position in shares of Vail Resorts by 284.5% during the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock valued at $100,000 after acquiring an additional 367 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of Vail Resorts during the second quarter valued at approximately $100,000. Strs Ohio purchased a new stake in shares of Vail Resorts during the second quarter valued at approximately $105,000. SG Americas Securities LLC purchased a new stake in shares of Vail Resorts during the second quarter valued at approximately $117,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Vail Resorts during the second quarter valued at approximately $162,000. 96.16% of the stock is owned by hedge funds and other institutional investors.
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Shares of Vail Resorts, Inc. (MTN) opened at $232.04 on Friday. The stock has a market capitalization of $9,286.01, a price-to-earnings ratio of 43.45 and a beta of 0.48. Vail Resorts, Inc. has a 52 week low of $153.66 and a 52 week high of $237.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. The company had revenue of $209.10 million during the quarter, compared to analyst estimates of $210.92 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.80) earnings per share. equities analysts expect that Vail Resorts, Inc. will post 6.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were given a dividend of $1.053 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $4.21 dividend on an annualized basis and a yield of 1.82%. Vail Resorts’s payout ratio is 85.92%.
In other Vail Resorts news, Chairman Robert A. Katz sold 55,976 shares of the firm’s stock in a transaction dated 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 sale, the chairman now owns 496,166 shares in the company, valued at $109,325,216.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert A. Katz sold 115,900 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $218.73, for a total value of $25,350,807.00. The disclosure for this sale can be found here. Insiders have sold 236,742 shares of company stock worth $51,804,735 in the last 90 days. Company insiders own 3.30% of the company’s stock.
Several equities analysts have weighed in on MTN shares. KeyCorp reissued an “overweight” rating and set a $250.00 price objective on shares of Vail Resorts in a report on Wednesday, August 30th. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. William Blair started coverage on Vail Resorts in a report on Friday, July 21st. They issued an “outperform” rating for the company. BidaskClub raised Vail Resorts from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $229.00 price target on shares of Vail Resorts in a report on Thursday, September 7th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $250.25.
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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