Private Advisor Group LLC Invests $236,000 in Vail Resorts, Inc. (MTN)
Private Advisor Group LLC purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,090 shares of the company’s stock, valued at approximately $236,000.
Other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Vail Resorts by 15,556.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 255,197 shares of the company’s stock valued at $51,762,000 after buying an additional 253,567 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in Vail Resorts by 0.3% during the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after purchasing an additional 8 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Vail Resorts during the second quarter worth $3,186,000. Swiss National Bank raised its holdings in Vail Resorts by 1.0% during the third quarter. Swiss National Bank now owns 176,200 shares of the company’s stock worth $40,195,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in Vail Resorts by 13.5% during the third quarter. Aperio Group LLC now owns 9,746 shares of the company’s stock worth $2,223,000 after purchasing an additional 1,160 shares during the last quarter. Hedge funds and other institutional investors own 94.52% of the company’s stock.
In other Vail Resorts news, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the sale, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Z. Barkin sold 7,953 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The disclosure for this sale can be found here. Insiders sold 236,742 shares of company stock valued at $51,804,735 over the last quarter. Insiders own 3.30% of the company’s stock.
Vail Resorts, Inc. (MTN) traded down $2.17 during trading on Friday, reaching $218.61. The company had a trading volume of 331,300 shares, compared to its average volume of 331,644. The firm has a market capitalization of $8,835.39, a price-to-earnings ratio of 43.81 and a beta of 0.45. Vail Resorts, Inc. has a 52-week low of $159.65 and a 52-week high of $237.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.41.
Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.90) by ($0.10). The business had revenue of $220.90 million during the quarter, compared to analyst estimates of $198.95 million. Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.70) earnings per share. equities research analysts forecast that Vail Resorts, Inc. will post 6.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be paid a $1.053 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $4.21 annualized dividend and a yield of 1.93%. Vail Resorts’s payout ratio is currently 71.48%.
Several equities analysts recently issued reports on MTN shares. Janney Montgomery Scott reaffirmed a “buy” rating and set a $260.00 price objective (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Bank of America lifted their price objective on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and issued a $232.00 price target (up from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. MKM Partners reissued a “buy” rating and issued a $266.00 price target (up from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Finally, Deutsche Bank started coverage on Vail Resorts in a report on Wednesday. They issued a “buy” rating and a $265.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $252.22.
Vail Resorts 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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