Quantbot Technologies LP Buys Shares of 1,878 Vail Resorts, Inc. (MTN)
Quantbot Technologies LP bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,878 shares of the company’s stock, valued at approximately $380,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in MTN. Tocqueville Asset Management L.P. boosted its position in shares of Vail Resorts by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock valued at $562,000 after purchasing an additional 8 shares during the period. Comerica Bank increased its stake in Vail Resorts by 0.6% in the 2nd quarter. Comerica Bank now owns 1,789 shares of the company’s stock worth $376,000 after purchasing an additional 10 shares in the last quarter. Corundum Group Inc. raised its holdings in Vail Resorts by 0.9% during the 2nd quarter. Corundum Group Inc. now owns 1,603 shares of the company’s stock worth $325,000 after buying an additional 15 shares during the period. Paloma Partners Management Co raised its holdings in Vail Resorts by 0.8% during the 1st quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock worth $542,000 after buying an additional 23 shares during the period. Finally, FineMark National Bank & Trust raised its holdings in Vail Resorts by 2.1% during the 2nd quarter. FineMark National Bank & Trust now owns 1,225 shares of the company’s stock worth $248,000 after buying an additional 25 shares during the period. 96.49% of the stock is owned by institutional investors and hedge funds.
Vail Resorts, Inc. (MTN) opened at 228.12 on Monday. The stock has a 50 day moving average price of $221.38 and a 200-day moving average price of $205.07. The firm has a market cap of $9.14 billion, a P/E ratio of 43.70 and a beta of 0.50. Vail Resorts, Inc. has a one year low of $151.60 and a one year high of $232.42.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.81) by $0.38. The company had revenue of $209.10 million during the quarter, compared to the consensus estimate of $210.92 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.80) earnings per share. Analysts predict that Vail Resorts, Inc. will post $5.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, October 6th. Vail Resorts’s dividend payout ratio (DPR) is presently 85.92%.
Several research analysts have commented on the stock. KeyCorp reiterated an “overweight” rating and issued a $250.00 target price on shares of Vail Resorts in a report on Wednesday, August 30th. Bank of America Corporation reissued a “buy” rating and issued a $228.00 target price (up from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. Wells Fargo & Company restated an “outperform” rating and set a $233.00 price target (up previously from $207.50) on shares of Vail Resorts in a report on Sunday, June 11th. Barclays PLC restated an “overweight” rating and set a $226.00 price target on shares of Vail Resorts in a report on Sunday, June 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $229.00 price target on shares of Vail Resorts in a research report on Thursday, September 7th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Vail Resorts presently has a consensus rating of “Buy” and an average target price of $232.25.
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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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