Teachers Advisors LLC Has $10.26 Million Stake in Vail Resorts, Inc. (MTN)
Teachers Advisors LLC lessened its stake in Vail Resorts, Inc. (NYSE:MTN) by 70.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,601 shares of the company’s stock after selling 117,811 shares during the quarter. Teachers Advisors LLC owned 0.13% of Vail Resorts worth $10,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of MTN. Tocqueville Asset Management L.P. lifted its stake in shares of Vail Resorts by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after buying an additional 8 shares in the last quarter. Comerica Bank boosted its holdings in Vail Resorts by 0.6% in the second quarter. Comerica Bank now owns 1,789 shares of the company’s stock worth $376,000 after purchasing an additional 10 shares during the last quarter. Corundum Group Inc. grew its position in Vail Resorts by 0.9% in the 2nd quarter. Corundum Group Inc. now owns 1,603 shares of the company’s stock worth $325,000 after purchasing an additional 15 shares during the period. Paloma Partners Management Co grew its position in Vail Resorts by 0.8% in the 1st quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock worth $542,000 after purchasing an additional 23 shares during the period. Finally, FineMark National Bank & Trust grew its position in Vail Resorts by 2.1% in the 2nd quarter. FineMark National Bank & Trust now owns 1,225 shares of the company’s stock worth $248,000 after purchasing an additional 25 shares during the period. 96.49% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on MTN. Bank of America Corporation restated a “buy” rating and set a $228.00 price target (up from $205.00) on shares of Vail Resorts in a research note on Friday, June 9th. Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Stifel Nicolaus reissued a “buy” rating and set a $229.00 price target (up from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. Barclays PLC reissued an “overweight” rating and issued a $226.00 target price on shares of Vail Resorts in a report on Sunday, June 11th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $233.00 target price (up previously from $207.50) on shares of Vail Resorts in a research report on Sunday, June 11th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Vail Resorts has a consensus rating of “Buy” and an average price target of $242.50.
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Vail Resorts, Inc. (NYSE MTN) opened at 221.95 on Tuesday. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $232.71. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 42.52 and a beta of 0.50. The company has a 50 day moving average of $225.09 and a 200-day moving average of $207.84.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. The business had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.80) EPS. On average, equities research analysts forecast that Vail Resorts, Inc. will post $6.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 10th will be given a dividend of $1.053 per share. The ex-dividend date is Friday, October 6th. This represents a $4.21 dividend on an annualized basis and a yield of 1.90%. Vail Resorts’s payout ratio is 85.92%.
Vail Resorts Company 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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