Cramer Rosenthal Mcglynn LLC trimmed its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,904 shares of the company’s stock after selling 11,177 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.30% of Vail Resorts worth $25,476,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. CI Investments Inc. acquired a new position in Vail Resorts in the 4th quarter worth $52,884,000. Jennison Associates LLC raised its stake in shares of Vail Resorts by 62.6% in the 4th quarter. Jennison Associates LLC now owns 608,496 shares of the company’s stock valued at $129,287,000 after purchasing an additional 234,198 shares in the last quarter. Shellback Capital LP raised its stake in shares of Vail Resorts by 397.8% in the 4th quarter. Shellback Capital LP now owns 172,064 shares of the company’s stock valued at $36,558,000 after purchasing an additional 137,500 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in shares of Vail Resorts in the 4th quarter valued at about $24,302,000. Finally, Franklin Resources Inc. raised its stake in shares of Vail Resorts by 126.9% in the 4th quarter. Franklin Resources Inc. now owns 184,586 shares of the company’s stock valued at $39,219,000 after purchasing an additional 103,235 shares in the last quarter. 95.77% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Michele Romanow bought 225 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average price of $221.54 per share, for a total transaction of $49,846.50. Following the transaction, the director now owns 1,663 shares in the company, valued at $368,421.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by corporate insiders.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, March 8th. The company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.55 by $0.57. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The business had revenue of $734.58 million during the quarter, compared to the consensus estimate of $716.72 million. During the same quarter in the prior year, the firm earned $3.63 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. research analysts expect that Vail Resorts, Inc. will post 8.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Tuesday, March 27th will be given a $1.47 dividend. This is a boost from Vail Resorts’s previous quarterly dividend of $1.05. The ex-dividend date is Monday, March 26th. This represents a $5.88 annualized dividend and a yield of 2.66%. Vail Resorts’s dividend payout ratio is 53.09%.
A number of equities research analysts have recently issued reports on MTN shares. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Deutsche Bank started coverage on shares of Vail Resorts in a research note on Wednesday, December 13th. They issued a “buy” rating and a $265.00 target price on the stock. MKM Partners cut their target price on shares of Vail Resorts to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus upped their target price on shares of Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $250.67.
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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