Hsbc Holdings PLC grew its position in Vail Resorts, Inc. (NYSE:MTN) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,471 shares of the company’s stock after acquiring an additional 1,685 shares during the quarter. Hsbc Holdings PLC’s holdings in Vail Resorts were worth $3,473,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTN. Westfield Capital Management Co. LP lifted its position in shares of Vail Resorts by 177.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 388,804 shares of the company’s stock valued at $81,968,000 after acquiring an additional 248,474 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Vail Resorts by 131.8% in the third quarter. Marshall Wace LLP now owns 309,247 shares of the company’s stock valued at $84,864,000 after acquiring an additional 175,845 shares in the last quarter. Morgan Stanley lifted its position in shares of Vail Resorts by 151.5% in the third quarter. Morgan Stanley now owns 238,162 shares of the company’s stock valued at $65,355,000 after acquiring an additional 143,471 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Vail Resorts by 44.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 454,399 shares of the company’s stock valued at $95,796,000 after acquiring an additional 140,396 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Vail Resorts by 5.3% in the fourth quarter. BlackRock Inc. now owns 2,354,160 shares of the company’s stock valued at $496,306,000 after acquiring an additional 117,827 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.
NYSE:MTN opened at $214.22 on Friday. Vail Resorts, Inc. has a one year low of $179.60 and a one year high of $302.76. The company has a quick ratio of 0.35, a current ratio of 0.55 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $8.80 billion, a P/E ratio of 34.06 and a beta of 0.65.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Friday, March 8th. The company reported $5.02 EPS for the quarter, beating the consensus estimate of $4.79 by $0.23. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The firm had revenue of $849.60 million during the quarter, compared to analysts’ expectations of $841.76 million. During the same quarter last year, the firm earned $4.12 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Wednesday, March 27th will be issued a $1.76 dividend. This represents a $7.04 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, March 26th. This is a boost from Vail Resorts’s previous quarterly dividend of $1.47. Vail Resorts’s dividend payout ratio (DPR) is currently 93.48%.
Several research firms have recently weighed in on MTN. Barclays decreased their target price on Vail Resorts from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, December 10th. Zacks Investment Research downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. Deutsche Bank set a $297.00 target price on Vail Resorts and gave the company a “buy” rating in a research report on Saturday, December 8th. Stifel Nicolaus raised their target price on Vail Resorts from $215.00 to $219.00 and gave the company a “hold” rating in a research report on Monday, March 11th. Finally, ValuEngine downgraded Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $273.13.
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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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