SG Americas Securities LLC grew its holdings in Vail Resorts, Inc. (NYSE:MTN) by 89.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,769 shares of the company’s stock after acquiring an additional 2,246 shares during the quarter. SG Americas Securities LLC’s holdings in Vail Resorts were worth $1,309,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in Vail Resorts by 56.0% in the second 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. CIBC Asset Management Inc raised its stake in shares of Vail Resorts by 14.1% in the third quarter. CIBC Asset Management Inc now owns 1,824 shares of the company’s stock worth $501,000 after purchasing an additional 225 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Vail Resorts by 144.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 386 shares of the company’s stock worth $106,000 after purchasing an additional 228 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Vail Resorts by 9.3% in the second quarter. Envestnet Asset Management Inc. now owns 3,117 shares of the company’s stock worth $855,000 after purchasing an additional 266 shares during the last quarter. Finally, Cadence Capital Management LLC raised its stake in shares of Vail Resorts by 11.2% in the third quarter. Cadence Capital Management LLC now owns 2,851 shares of the company’s stock worth $782,000 after purchasing an additional 288 shares during the last quarter. 95.39% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:MTN opened at $223.25 on Friday. Vail Resorts, Inc. has a 52-week low of $200.68 and a 52-week high of $302.76. The stock has a market capitalization of $11.00 billion, a PE ratio of 35.49 and a beta of 0.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.76.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Friday, December 7th. The company reported ($2.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.44) by ($0.22). The firm had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $235.08 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.00) earnings per share. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.79 earnings per share for the current fiscal year.
MTN has been the subject of several research analyst reports. Berenberg Bank upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. ValuEngine upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Macquarie cut Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price objective for the company. in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Finally, KeyCorp raised their price objective on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $293.11.
In related news, EVP Kirsten A. Lynch sold 9,078 shares of Vail Resorts 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 $9,112,661.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter A. Vaughn sold 400 shares of Vail Resorts 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 company insiders.
Vail Resorts Profile
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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