Great West Life Assurance Co. Can lifted its position in Vail Resorts, Inc. (NYSE:MTN) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,836 shares of the company’s stock after buying an additional 1,059 shares during the period. Great West Life Assurance Co. Can’s holdings in Vail Resorts were worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. Synovus Financial Corp bought a new stake in Vail Resorts during the first quarter valued at about $133,000. Hirtle Callaghan & Co LLC bought a new stake in shares of Vail Resorts in the second quarter worth about $192,000. FDx Advisors Inc. bought a new stake in shares of Vail Resorts in the second quarter worth about $206,000. Foundry Partners LLC bought a new stake in shares of Vail Resorts in the second quarter worth about $215,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of Vail Resorts in the second quarter worth about $217,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.
MTN has been the topic of several research reports. Deutsche Bank set a $297.00 target price on Vail Resorts and gave the stock a “buy” rating in a report on Friday, June 8th. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 target price on the stock in a report on Friday, July 13th. Berenberg Bank began coverage on Vail Resorts in a research note on Wednesday, June 20th. They set a “hold” rating and a $300.00 price objective on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and set a $295.00 price objective (up from $232.00) on shares of Vail Resorts in a research note on Monday, June 11th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $293.11.
In related news, EVP Kirsten A. Lynch sold 9,078 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were 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 $9,112,661.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.30% of the company’s stock.
Shares of NYSE:MTN traded down $2.95 during trading hours on Friday, hitting $249.47. 405,877 shares of the company’s stock traded hands, compared to its average volume of 361,644. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.04 and a quick ratio of 0.88. The firm has a market capitalization of $11.07 billion, a PE ratio of 39.66 and a beta of 0.40. Vail Resorts, Inc. has a 1 year low of $200.68 and a 1 year high of $302.76.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Friday, September 28th. The company reported ($2.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.26) by $0.19. The firm had revenue of $211.60 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.43) earnings per share. Equities research analysts expect that Vail Resorts, Inc. will post 8.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Tuesday, October 9th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, October 5th. Vail Resorts’s dividend payout ratio (DPR) is 93.48%.
Vail Resorts 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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