Vail Resorts, Inc. (MTN) Stake Raised by Andra AP fonden
Andra AP fonden boosted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 14.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,500 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Andra AP fonden’s holdings in Vail Resorts were worth $1,939,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Vail Resorts by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock valued at $634,095,000 after purchasing an additional 76,961 shares in the last quarter. BlackRock Inc. grew its position in Vail Resorts by 17.0% during the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after purchasing an additional 300,793 shares in the last quarter. State Street Corp grew its position in Vail Resorts by 40.2% during the second quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after purchasing an additional 206,079 shares in the last quarter. Voya Investment Management LLC grew its position in Vail Resorts by 13.3% during the second quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock valued at $103,478,000 after purchasing an additional 59,849 shares in the last quarter. Finally, Fred Alger Management Inc. grew its position in Vail Resorts by 12.4% during the second quarter. Fred Alger Management Inc. now owns 274,869 shares of the company’s stock valued at $55,752,000 after purchasing an additional 30,326 shares in the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.
In other Vail Resorts news, CFO Michael Z. Barkin sold 7,953 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the sale, the insider now directly owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The disclosure for this sale can be found here. Insiders sold 236,742 shares of company stock valued at $51,804,735 over the last three months. Insiders own 3.30% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE:MTN) opened at $232.04 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.72 and a quick ratio of 0.58. The company has a market cap of $9,286.01, a P/E ratio of 43.45 and a beta of 0.48. Vail Resorts, Inc. has a 1 year low of $153.66 and a 1 year high of $237.77.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. The company had revenue of $209.10 million during 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 previous year, the firm posted ($1.80) earnings per share. sell-side analysts predict that Vail Resorts, Inc. will post 6.2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were given a $1.053 dividend. This represents a $4.21 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio is 85.92%.
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A number of research analysts recently commented on the stock. Bank of America Corporation boosted their price objective on shares of Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Friday. MKM Partners reaffirmed a “buy” rating and set a $266.00 price objective (up from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Barclays PLC boosted their price objective on shares of Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday, September 29th. Zacks Investment Research raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $260.00 price objective (up from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock 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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