Sei Investments Co. Has $10.22 Million Position in Vail Resorts, Inc. (MTN)
Sei Investments Co. boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 213.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,391 shares of the company’s stock after buying an additional 34,332 shares during the period. Sei Investments Co.’s holdings in Vail Resorts were worth $10,221,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in MTN. Strs Ohio purchased a new stake in shares of Vail Resorts during the second quarter worth about $105,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Vail Resorts during the second quarter worth about $162,000. Granite Investment Partners LLC purchased a new stake in shares of Vail Resorts during the first quarter worth about $211,000. Vident Investment Advisory LLC purchased a new stake in shares of Vail Resorts during the first quarter worth about $211,000. Finally, LS Investment Advisors LLC purchased a new stake in shares of Vail Resorts during the second quarter worth about $219,000. 97.95% of the stock is owned by hedge funds and other institutional investors.
Vail Resorts, Inc. (NYSE:MTN) opened at 212.13 on Friday. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 41.29 and a beta of 0.55. Vail Resorts, Inc. has a 52 week low of $151.60 and a 52 week high of $215.94. The firm’s 50-day moving average is $207.55 and its 200 day moving average is $195.56.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 8th. The company reported $4.40 EPS for the quarter, missing the consensus estimate of $4.86 by $0.46. The business had revenue of $794.60 million during the quarter, compared to analysts’ expectations of $802.59 million. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.23 EPS. On average, equities research analysts expect that Vail Resorts, Inc. will post $4.86 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Wednesday, June 28th were issued a $1.053 dividend. This represents a $4.21 annualized dividend and a yield of 1.99%. The ex-dividend date was Monday, June 26th. Vail Resorts’s dividend payout ratio (DPR) is 92.94%.
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A number of brokerages recently issued reports on MTN. BidaskClub lowered shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Bank of America Corporation reissued a “buy” rating and issued a $228.00 price objective (up previously from $205.00) on shares of Vail Resorts in a report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating and issued a $229.00 price objective (up previously from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. William Blair began coverage on shares of Vail Resorts in a report on Friday, July 21st. They issued an “outperform” rating for the company. Finally, Janney Montgomery Scott increased their target price on shares of Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, June 12th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Vail Resorts presently has an average rating of “Buy” and an average price target of $211.11.
About Vail Resorts
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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