Scout Investments Inc. raised its holdings in Vail Resorts, Inc. (NYSE:MTN) by 23.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,557 shares of the company’s stock after purchasing an additional 17,066 shares during the quarter. Scout Investments Inc. owned 0.22% of Vail Resorts worth $20,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in MTN. Point72 Asset Management L.P. bought a new position in shares of Vail Resorts during the 2nd quarter worth $67,662,000. Nuveen Asset Management LLC bought a new position in shares of Vail Resorts during the 2nd quarter worth $56,153,000. Morgan Stanley grew its stake in shares of Vail Resorts by 254.6% during the 2nd quarter. Morgan Stanley now owns 336,975 shares of the company’s stock worth $75,205,000 after acquiring an additional 241,936 shares during the period. Clearbridge Investments LLC bought a new position in shares of Vail Resorts during the 1st quarter worth $48,145,000. Finally, Wells Fargo & Company MN grew its stake in shares of Vail Resorts by 24.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,091,519 shares of the company’s stock worth $243,606,000 after acquiring an additional 215,880 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.
A number of analysts recently issued reports on MTN shares. KeyCorp increased their price objective on Vail Resorts from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. ValuEngine cut Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Jefferies Financial Group set a $263.00 price objective on Vail Resorts and gave the stock a “hold” rating in a report on Friday, September 27th. Wells Fargo & Co increased their price objective on Vail Resorts from $230.00 to $235.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. They noted that the move was a valuation call. Finally, SunTrust Banks increased their price objective on Vail Resorts from $247.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Vail Resorts currently has a consensus rating of “Hold” and an average target price of $247.26.
In other Vail Resorts news, CFO Michael Z. Barkin sold 1,394 shares of Vail Resorts stock in a transaction on Monday, September 30th. The stock was sold at an average price of $230.88, for a total transaction of $321,846.72. Following the completion of the transaction, the chief financial officer now owns 14,980 shares in the company, valued at $3,458,582.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ryan H. Siurek sold 898 shares of Vail Resorts stock in a transaction on Monday, September 30th. The shares were sold at an average price of $235.83, for a total value of $211,775.34. Following the transaction, the chief accounting officer now owns 1,069 shares of the company’s stock, valued at approximately $252,102.27. The disclosure for this sale can be found here. Insiders have sold 12,641 shares of company stock worth $2,895,231 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.
Shares of NYSE MTN traded up $0.79 during trading hours on Wednesday, reaching $224.79. 2,013 shares of the stock traded hands, compared to its average volume of 370,540. The company has a market capitalization of $9.07 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 1.94 and a beta of 0.70. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 0.88. Vail Resorts, Inc. has a 52-week low of $179.60 and a 52-week high of $286.40. The company’s 50-day simple moving average is $235.70 and its two-hundred day simple moving average is $228.18.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($2.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.58) by $0.36. Vail Resorts had a return on equity of 18.13% and a net margin of 13.26%. The business had revenue of $244.01 million for the quarter, compared to analyst estimates of $239.91 million. During the same period last year, the company earned ($2.07) EPS. Vail Resorts’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 7.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Tuesday, October 8th will be given a dividend of $1.76 per share. The ex-dividend date is Monday, October 7th. This represents a $7.04 annualized dividend and a dividend yield of 3.13%. Vail Resorts’s dividend payout ratio is presently 93.25%.
Vail Resorts Company 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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