Bank of Montreal Can acquired a new stake in Vail Resorts Inc. (NYSE:MTN) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 113,023 shares of the company’s stock, valued at approximately $15,623,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Adams Diversified Equity Fund Inc. bought a new position in Vail Resorts during the second quarter valued at about $539,000. Robeco Institutional Asset Management B.V. raised its position in Vail Resorts by 22.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 65,793 shares of the company’s stock valued at $9,094,000 after buying an additional 11,856 shares in the last quarter. Parametrica Management Ltd bought a new position in Vail Resorts during the second quarter valued at about $245,000. IBM Retirement Fund bought a new position in Vail Resorts during the second quarter valued at about $503,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Vail Resorts during the second quarter worth $693,000. Hedge funds and other institutional investors own 98.48% of the company’s stock.
Shares of Vail Resorts Inc. (NYSE:MTN) traded down 0.08% during trading on Friday, reaching $156.88. The company’s stock had a trading volume of 386,250 shares. The firm has a market cap of $5.68 billion, a PE ratio of 39.12 and a beta of 0.70. Vail Resorts Inc. has a 12 month low of $103.18 and a 12 month high of $162.95. The company’s 50 day moving average price is $159.00 and its 200 day moving average price is $141.09.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing analysts’ consensus estimates of ($1.67) by $0.13. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The business had revenue of $179.88 million for the quarter. During the same period in the prior year, the business earned ($1.92) earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Vail Resorts Inc. will post $5.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 7th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.07%. Vail Resorts’s dividend payout ratio (DPR) is currently 82.23%.
A number of brokerages have recently weighed in on MTN. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Janney Montgomery Scott restated a “buy” rating and issued a $153.00 target price (up from $150.00) on shares of Vail Resorts in a research note on Friday, June 10th. Bank of America Corp. restated a “buy” rating on shares of Vail Resorts in a research note on Friday, June 10th. Barclays PLC restated a “buy” rating and issued a $175.00 target price on shares of Vail Resorts in a research note on Tuesday. Finally, MKM Partners raised their target price on Vail Resorts from $147.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $153.76.
In other news, Director John F. Sorte sold 4,688 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $155.94, for a total transaction of $731,046.72. Following the completion of the transaction, the director now owns 63,147 shares of the company’s stock, valued at approximately $9,847,143.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.90% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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