Westpac Banking Corp increased its position in Vail Resorts, Inc. (NYSE:MTN) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,342 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Westpac Banking Corp owned about 0.06% of Vail Resorts worth $6,680,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in MTN. Harvest Fund Management Co. Ltd increased its holdings in Vail Resorts by 144.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 386 shares of the company’s stock worth $106,000 after acquiring an additional 228 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in Vail Resorts in the 2nd quarter worth approximately $122,000. Tower Research Capital LLC TRC increased its holdings in Vail Resorts by 56.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock worth $138,000 after acquiring an additional 181 shares in the last quarter. FDx Advisors Inc. bought a new position in Vail Resorts in the 2nd quarter worth approximately $206,000. Finally, GWM Advisors LLC bought a new position in Vail Resorts in the 3rd quarter worth approximately $206,000. 95.18% of the stock is owned by institutional investors.
MTN stock opened at $277.77 on Friday. Vail Resorts, Inc. has a 1-year low of $200.68 and a 1-year high of $302.76. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 44.16 and a beta of 0.53.
Vail Resorts (NYSE:MTN) last posted its earnings results on Friday, September 28th. The company reported ($2.07) EPS for the quarter, beating analysts’ consensus estimates of ($2.26) by $0.19. The firm had revenue of $211.60 million during the quarter, compared to the consensus estimate of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.43) EPS. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.79 EPS for the current fiscal year.
Several research analysts have weighed in on the company. Berenberg Bank upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Macquarie upgraded Vail Resorts from a “neutral” rating to an “outperform” rating in a research note on Monday, October 15th. They noted that the move was a valuation call. ValuEngine upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. KeyCorp upped their price target on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 1st. Finally, Zacks Investment Research downgraded Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Vail Resorts currently has a consensus rating of “Buy” and an average price target of $293.11.
In other news, EVP Kirsten A. Lynch sold 9,078 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total transaction of $2,388,058.68. Following the completion of the transaction, the executive vice president now directly owns 34,641 shares in the company, valued at approximately $9,112,661.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter A. Vaughn sold 400 shares of the stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $254.59, for a total value of $101,836.00. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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