Asset Management One Co. Ltd. Has $14.63 Million Stake in Vail Resorts, Inc. (MTN)
Asset Management One Co. Ltd. grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 64,335 shares of the company’s stock after acquiring an additional 3,783 shares during the period. Asset Management One Co. Ltd. owned about 0.16% of Vail Resorts worth $14,626,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new stake in shares of Vail Resorts during the second quarter worth $100,000. 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 worth $100,000 after buying an additional 367 shares during the period. Strs Ohio acquired a new stake in shares of Vail Resorts during the second quarter worth $105,000. SG Americas Securities LLC acquired a new stake in shares of Vail Resorts during the second quarter worth $117,000. Finally, IFP Advisors Inc increased its position in shares of Vail Resorts by 61.7% during the third quarter. IFP Advisors Inc now owns 802 shares of the company’s stock worth $183,000 after buying an additional 306 shares during the period. 94.52% of the stock is owned by hedge funds and other institutional investors.
MTN has been the subject of several recent analyst reports. MKM Partners reiterated 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. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 price objective for the company in a research report on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and set a $229.00 price objective on shares of Vail Resorts in a research report on Thursday, September 7th. Janney Montgomery Scott restated a “buy” rating and issued a $260.00 price target (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Finally, KeyCorp restated an “overweight” rating and issued a $250.00 price target on shares of Vail Resorts in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $252.22.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.10). Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The business had revenue of $220.90 million for the quarter, compared to analyst estimates of $198.95 million. During the same quarter in the prior year, the business earned ($1.70) earnings per share. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. research analysts forecast that Vail Resorts, Inc. will post 6.81 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be given a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, December 26th. Vail Resorts’s payout ratio is currently 71.48%.
In related news, insider Patricia A. Campbell sold 5,515 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the transaction, the insider now directly owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 transaction 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 over the last three months. 3.30% of the stock is owned by 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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