LMR Partners LLP purchased a new stake in Vail Resorts Inc. (NYSE:MTN) during the second quarter, Holdings Channel reports. The institutional investor purchased 24,780 shares of the company’s stock, valued at approximately $3,426,000.
Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Vail Resorts during the fourth quarter valued at approximately $48,741,000. BlackRock Institutional Trust Company N.A. boosted its position in shares of Vail Resorts by 21.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,124,215 shares of the company’s stock valued at $150,308,000 after buying an additional 197,652 shares during the period. Royal Bank of Canada boosted its position in shares of Vail Resorts by 5,702.7% in the first quarter. Royal Bank of Canada now owns 145,010 shares of the company’s stock valued at $19,388,000 after buying an additional 142,511 shares during the period. RS Investment Management Co. LLC purchased a new position in shares of Vail Resorts during the second quarter valued at about $18,727,000. Finally, Credit Agricole S A boosted its position in shares of Vail Resorts by 989.5% in the first quarter. Credit Agricole S A now owns 135,100 shares of the company’s stock valued at $18,063,000 after buying an additional 122,700 shares during the period. 98.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vail Resorts Inc. (NYSE:MTN) traded up 0.15% during mid-day trading on Tuesday, hitting $157.09. The stock had a trading volume of 184,869 shares. The stock’s 50-day moving average price is $159.02 and its 200-day moving average price is $141.45. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 39.17 and a beta of 0.66. Vail Resorts Inc. has a 12-month low of $103.18 and a 12-month high of $162.95.
Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing the consensus estimate of ($1.67) by $0.13. The business earned $179.88 million during the quarter. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. Vail Resorts’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.92) earnings per share. On average, equities analysts anticipate that Vail Resorts Inc. will post $5.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, October 5th. Vail Resorts’s dividend payout ratio is 82.23%.
MTN has been the topic of several research analyst reports. KeyCorp lifted their price target on Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd. MKM Partners set a $180.00 price target on Vail Resorts and gave the company a “buy” rating in a research report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price target on Vail Resorts and gave the company a “buy” rating in a research report on Monday, September 12th. Barclays PLC reiterated a “buy” rating and set a $175.00 price target on shares of Vail Resorts in a research report on Tuesday, September 27th. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $153.00 price target (up from $150.00) on shares of Vail Resorts in a research report on Friday, June 10th. One 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’s stock. The company has an average rating of “Buy” and a consensus price target of $153.76.
In other Vail Resorts news, Director John F. Sorte sold 4,688 shares of the company’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 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 document filed with the SEC, which can be accessed through this link. Company 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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