Vail Resorts, Inc. (MTN) Holdings Trimmed by Dana Investment Advisors Inc.
Dana Investment Advisors Inc. decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 34.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,140 shares of the company’s stock after selling 20,927 shares during the period. Dana Investment Advisors Inc. owned about 0.10% of Vail Resorts worth $7,939,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTN. BlackRock Inc. increased its holdings in Vail Resorts by 2,861.3% in the first quarter. BlackRock Inc. now owns 1,767,451 shares of the company’s stock valued at $339,173,000 after buying an additional 1,707,766 shares in the last quarter. Valinor Management L.P. purchased a new position in Vail Resorts in the first quarter valued at $64,748,000. Vanguard Group Inc. increased its holdings in Vail Resorts by 12.4% in the first quarter. Vanguard Group Inc. now owns 3,049,283 shares of the company’s stock valued at $585,157,000 after buying an additional 337,282 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in 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. Finally, Massachusetts Financial Services Co. MA increased its holdings in Vail Resorts by 2,709.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 166,424 shares of the company’s stock valued at $31,937,000 after buying an additional 160,500 shares in the last quarter. 96.49% of the stock is owned by institutional investors.
Shares of Vail Resorts, Inc. (NYSE MTN) traded up 0.41% during mid-day trading on Friday, hitting $216.32. 118,009 shares of the stock traded hands. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $232.71. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 41.44 and a beta of 0.50. The firm’s 50 day moving average price is $225.12 and its 200 day moving average price is $208.23.
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, beating the Zacks’ consensus estimate of ($1.81) by $0.38. The business had revenue of $209.10 million during the quarter, compared to the consensus estimate of $210.92 million. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The business’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.80) EPS. On average, equities research analysts predict that Vail Resorts, Inc. will post $6.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th will be issued a $1.053 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.95%. Vail Resorts’s dividend payout ratio is presently 85.92%.
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A number of research analysts have weighed in on MTN shares. KeyCorp reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of Vail Resorts in a report on Wednesday, August 30th. Zacks Investment Research cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. BidaskClub cut shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. William Blair started 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 lifted their price objective on shares of Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a report on Monday, June 12th. One 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’s stock. Vail Resorts currently has a consensus rating of “Buy” and a consensus target price of $245.14.
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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