Syntal Capital Partners LLC lowered its position in Vail Resorts Inc. (NYSE:MTN) by 7.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,625 shares of the company’s stock after selling 122 shares during the period. Syntal Capital Partners LLC’s holdings in Vail Resorts were worth $224,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MTN. Norges Bank bought a new stake in shares of Vail Resorts during the fourth quarter worth approximately $48,741,000. Acadian Asset Management LLC raised its stake in shares of Vail Resorts by 668.6% in the first quarter. Acadian Asset Management LLC now owns 7,140 shares of the company’s stock worth $955,000 after buying an additional 6,211 shares in the last quarter. Aperio Group LLC raised its stake in shares of Vail Resorts by 30.1% in the first quarter. Aperio Group LLC now owns 4,378 shares of the company’s stock worth $585,000 after buying an additional 1,013 shares in the last quarter. Virginia Retirement System bought a new stake in shares of Vail Resorts during the first quarter worth approximately $308,000. Finally, CIBC World Markets Inc. raised its stake in shares of Vail Resorts by 50.5% in the first quarter. CIBC World Markets Inc. now owns 17,156 shares of the company’s stock worth $2,294,000 after buying an additional 5,757 shares in the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.
Vail Resorts Inc. (NYSE:MTN) traded down 0.02% during mid-day trading on Monday, reaching $156.85. The company had a trading volume of 239,342 shares. Vail Resorts Inc. has a one year low of $103.18 and a one year high of $162.95. The firm has a market capitalization of $5.67 billion, a P/E ratio of 39.11 and a beta of 0.66. The firm’s 50-day moving average is $159.00 and its 200-day moving average is $141.09.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.67) by $0.13. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The firm earned $179.88 million during the quarter. During the same quarter in the prior year, the business posted ($1.92) earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Vail Resorts Inc. will post $5.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Friday, October 7th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $3.24 annualized dividend and a yield of 2.07%. Vail Resorts’s dividend payout ratio (DPR) is currently 82.23%.
MTN has been the topic of a number of research analyst reports. Janney Montgomery Scott reissued a “buy” rating and set a $153.00 price objective (up previously from $150.00) on shares of Vail Resorts in a report on Friday, June 10th. MKM Partners increased their price objective on shares of Vail Resorts from $147.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, June 10th. Bank of America Corp. reissued a “buy” rating on shares of Vail Resorts in a report on Friday, June 10th. Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, KeyCorp upped their target price on shares of Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $153.76.
In related news, Director John F. Sorte sold 4,688 shares of the stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $155.94, for a total value of $731,046.72. Following the transaction, the director now owns 63,147 shares of the company’s stock, valued at $9,847,143.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.90% of the stock is owned by corporate insiders.
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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