HRT Financial LLC purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,306 shares of the company’s stock, valued at approximately $906,000.
Other institutional investors have also recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new stake in Vail Resorts during the 2nd quarter valued at about $122,000. Synovus Financial Corp purchased a new stake in Vail Resorts during the 1st quarter valued at about $133,000. Tower Research Capital LLC TRC grew its stake in Vail Resorts by 56.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock valued at $138,000 after purchasing an additional 181 shares during the last quarter. Hirtle Callaghan & Co LLC acquired a new position in shares of Vail Resorts in the 2nd quarter valued at about $192,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Vail Resorts in the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 96.13% of the company’s stock.
MTN has been the subject of several analyst reports. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays boosted their price objective on Vail Resorts from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 11th. Macquarie cut Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price objective for the company. in a report on Wednesday, September 5th. They noted that the move was a valuation call. KeyCorp boosted their price objective on Vail Resorts from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, October 1st. Finally, Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 price objective for the company in a report on Friday, July 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $293.11.
In related news, EVP Kirsten A. Lynch sold 9,078 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total value of $2,388,058.68. Following the completion of the transaction, the executive vice president now owns 34,641 shares of the company’s stock, valued at approximately $9,112,661.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.
Shares of MTN stock traded down $2.95 on Friday, hitting $249.47. The company had a trading volume of 405,877 shares, compared to its average volume of 361,644. The stock has a market cap of $11.07 billion, a PE ratio of 39.66 and a beta of 0.40. Vail Resorts, Inc. has a twelve month low of $200.68 and a twelve month high of $302.76. The company has a quick ratio of 0.88, a current ratio of 1.04 and a debt-to-equity ratio of 0.54.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Friday, September 28th. The company reported ($2.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.26) by $0.19. The company had revenue of $211.60 million during the quarter, compared to analysts’ expectations of $211.60 million. Vail Resorts had a return on equity of 14.39% and a net margin of 18.89%. Vail Resorts’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.43) EPS. Sell-side analysts anticipate that Vail Resorts, Inc. will post 8.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Tuesday, October 9th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $5.88 dividend on an annualized basis and a yield of 2.36%. Vail Resorts’s payout ratio is 93.48%.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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