Vail Resorts, Inc. (NYSE:MTN) CFO Michael Z. Barkin sold 2,695 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $222.45, for a total transaction of $599,502.75. Following the completion of the sale, the chief financial officer now directly owns 18,058 shares in the company, valued at $4,017,002.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Vail Resorts, Inc. (NYSE MTN) traded up $1.69 during mid-day trading on Wednesday, reaching $223.06. 381,091 shares of the company traded hands, compared to its average volume of 568,974. Vail Resorts, Inc. has a one year low of $183.85 and a one year high of $237.77. The stock has a market cap of $8,940.00, a P/E ratio of 34.96 and a beta of 0.55. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 0.63.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, March 8th. The company reported $4.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.55 by $0.57. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The company had revenue of $734.58 million for the quarter, compared to the consensus estimate of $716.72 million. During the same period in the prior year, the firm posted $3.63 EPS. Vail Resorts’s revenue for the quarter was up 1.3% on a year-over-year basis. analysts anticipate that Vail Resorts, Inc. will post 8.54 EPS for the current year.
MTN has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. MKM Partners reduced their target price on shares of Vail Resorts to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Deutsche Bank initiated coverage on shares of Vail Resorts in a research report on Wednesday, December 13th. They issued a “buy” rating and a $265.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on shares of Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Vail Resorts currently has a consensus rating of “Buy” and an average target price of $250.67.
A number of hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in Vail Resorts during the 4th quarter valued at about $202,000. Xact Kapitalforvaltning AB lifted its stake in Vail Resorts by 10.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 3,756 shares of the company’s stock valued at $798,000 after acquiring an additional 358 shares during the period. Handelsbanken Fonder AB lifted its stake in Vail Resorts by 4.5% during the 4th quarter. Handelsbanken Fonder AB now owns 115,000 shares of the company’s stock valued at $24,434,000 after acquiring an additional 5,000 shares during the period. Envestnet Asset Management Inc. lifted its stake in Vail Resorts by 13.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,928 shares of the company’s stock valued at $834,000 after acquiring an additional 452 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Vail Resorts by 10.1% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,003 shares of the company’s stock valued at $4,250,000 after acquiring an additional 1,843 shares during the period. 95.77% of the stock is currently owned by institutional investors.
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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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