Caxton Associates LP bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the fourth quarter, Holdings Channel reports. The fund bought 14,880 shares of the company’s stock, valued at approximately $3,162,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Vail Resorts during the fourth quarter valued at $114,000. CENTRAL TRUST Co boosted its stake in shares of Vail Resorts by 3,147.1% during the fourth quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock valued at $117,000 after purchasing an additional 535 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Vail Resorts by 579.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock valued at $121,000 after purchasing an additional 487 shares during the period. Aviance Capital Management LLC purchased a new stake in Vail Resorts in the fourth quarter worth about $138,000. Finally, American International Group Inc. purchased a new stake in Vail Resorts in the fourth quarter worth about $200,000. 94.92% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on MTN shares. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Deutsche Bank started coverage on shares of Vail Resorts in a research note on Wednesday, December 13th. They issued a “buy” rating and a $265.00 price objective for the company. Bank of America upped their price objective on shares of Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. MKM Partners lowered their price objective on shares of Vail Resorts to $252.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus upped their price objective on shares of Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $250.67.
Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, March 8th. The company reported $4.12 EPS for the quarter, topping the Zacks’ consensus estimate of $3.55 by $0.57. The business had revenue of $734.58 million during the quarter, compared to the consensus estimate of $716.72 million. Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 earnings per share. analysts anticipate that Vail Resorts, Inc. will post 6.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Tuesday, March 27th will be issued a $1.47 dividend. The ex-dividend date is Monday, March 26th. This is an increase from Vail Resorts’s previous quarterly dividend of $1.05. This represents a $5.88 dividend on an annualized basis and a yield of 2.59%. Vail Resorts’s payout ratio is currently 65.99%.
In other news, Director Michele Romanow bought 225 shares of Vail Resorts stock in a transaction on Tuesday, December 19th. The stock was acquired at an average cost of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.30% of the company’s stock.
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Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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