Texas Yale Capital Corp. Acquires 320 Shares of Vail Resorts, Inc. (MTN)
Texas Yale Capital Corp. lifted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,475 shares of the company’s stock after buying an additional 320 shares during the quarter. Texas Yale Capital Corp.’s holdings in Vail Resorts were worth $1,477,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Vail Resorts by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock valued at $634,095,000 after purchasing an additional 76,961 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Vail Resorts by 17.0% during the 2nd quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after acquiring an additional 300,793 shares during the last quarter. State Street Corp boosted its holdings in shares of Vail Resorts by 40.2% during the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after acquiring an additional 206,079 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Vail Resorts by 13.3% during the 2nd quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock valued at $103,478,000 after acquiring an additional 59,849 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its holdings in shares of Vail Resorts by 12.4% during the 2nd quarter. Fred Alger Management Inc. now owns 274,869 shares of the company’s stock valued at $55,752,000 after acquiring an additional 30,326 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on MTN shares. Bank of America Corporation raised their price target on shares of Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 10th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $260.00 price target (up previously from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $232.00 price target (up previously from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. MKM Partners reaffirmed a “buy” rating and set a $266.00 price target (up previously from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, September 29th. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $250.25.
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Shares of Vail Resorts, Inc. (NYSE MTN) traded up $1.44 during trading hours on Wednesday, hitting $229.93. 198,000 shares of the stock traded hands, compared to its average volume of 324,099. Vail Resorts, Inc. has a 52-week low of $154.11 and a 52-week high of $237.77. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.69. The company has a market cap of $9,143.94, a PE ratio of 42.79 and a beta of 0.48.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data 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. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The firm had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. During the same quarter in the prior year, the business earned ($1.80) EPS. The business’s quarterly revenue was up 16.2% on a year-over-year basis. equities analysts forecast that Vail Resorts, Inc. will post 6.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th were paid a $1.053 dividend. This represents a $4.21 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, October 6th. Vail Resorts’s dividend payout ratio (DPR) is presently 85.92%.
In other Vail Resorts news, insider Patricia A. Campbell sold 5,515 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the sale, the insider now owns 28,736 shares in the company, valued at approximately $6,391,173.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert A. Katz sold 55,976 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the sale, the chairman now owns 496,166 shares in the company, valued at approximately $109,325,216.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 236,742 shares of company stock worth $51,804,735. 3.30% of the stock is owned by company insiders.
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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