Capital Fund Management S.A. acquired a new stake in Vail Resorts Inc. (NYSE:MTN) during the second quarter, Holdings Channel reports. The firm acquired 12,400 shares of the company’s stock, valued at approximately $1,714,000.
Other hedge funds also recently modified their holdings of the company. BlueMountain Capital Management LLC bought a new stake in shares of Vail Resorts during the first quarter valued at approximately $210,000. Seven Eight Capital LLC raised its position in Vail Resorts by 30.8% in the first quarter. Seven Eight Capital LLC now owns 1,700 shares of the company’s stock valued at $227,000 after buying an additional 400 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Vail Resorts during the second quarter valued at about $228,000. Parametrica Management Ltd acquired a new position in Vail Resorts during the second quarter valued at about $245,000. Finally, Miles Capital Inc. acquired a new position in Vail Resorts during the first quarter valued at about $265,000. Institutional investors and hedge funds own 98.48% of the company’s stock.
Vail Resorts Inc. (NYSE:MTN) traded down 0.36% during midday trading on Thursday, reaching $155.57. 282,385 shares of the company’s stock were exchanged. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 38.80 and a beta of 0.66. The stock’s 50-day moving average is $159.10 and its 200-day moving average is $141.87. Vail Resorts Inc. has a 12-month low of $106.55 and a 12-month high of $162.95.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.67) by $0.13. The company earned $179.88 million during the quarter. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted ($1.92) earnings per share. On average, equities analysts forecast that Vail Resorts Inc. will post $5.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be issued a $0.81 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.08%. Vail Resorts’s dividend payout ratio is currently 82.23%.
Several equities analysts have recently issued reports on the stock. Janney Montgomery Scott reiterated a “buy” rating and set a $170.00 target price on shares of Vail Resorts in a report on Tuesday, September 27th. Barclays PLC reiterated a “buy” rating and set a $175.00 target price on shares of Vail Resorts in a report on Tuesday, September 27th. MKM Partners set a $180.00 target price on shares of Vail Resorts and gave the company a “buy” rating in a report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 target price on shares of Vail Resorts and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $153.76.
In other Vail Resorts news, Director John F. Sorte sold 4,688 shares of the firm’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $155.94, for a total value of $731,046.72. Following the completion of the transaction, the director now owns 63,147 shares of the company’s stock, valued at $9,847,143.18. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.90% of the stock is currently owned by company insiders.
About Vail Resorts
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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