Vail Resorts, Inc. (MTN) Shares Sold by Pitcairn Co.
Pitcairn Co. lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,642 shares of the company’s stock after selling 461 shares during the quarter. Pitcairn Co.’s holdings in Vail Resorts were worth $831,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capstone Asset Management Co. increased its stake in shares of Vail Resorts by 375.5% during the 2nd quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock valued at $1,419,000 after acquiring an additional 5,523 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Vail Resorts by 15,556.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 255,197 shares of the company’s stock worth $51,762,000 after purchasing an additional 253,567 shares during the period. Tocqueville Asset Management L.P. grew its holdings in shares of Vail Resorts by 0.3% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after purchasing an additional 8 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Vail Resorts during the 2nd quarter worth about $3,186,000. Finally, Bluestein R H & Co. purchased a new stake in shares of Vail Resorts during the 2nd quarter worth about $335,000. 96.16% of the stock is owned by institutional investors.
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In other news, insider Robert A. Katz sold 115,900 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $218.73, for a total transaction of $25,350,807.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patricia A. Campbell sold 5,515 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total value of $1,226,591.15. Following the transaction, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is owned by company insiders.
Vail Resorts, Inc. (NYSE MTN) traded down $0.54 during midday trading on Friday, reaching $232.04. The company’s stock had a trading volume of 192,565 shares, compared to its average volume of 270,383. The stock has a market cap of $9,307.62, a PE ratio of 43.55 and a beta of 0.48. Vail Resorts, Inc. has a 52-week low of $153.66 and a 52-week high of $237.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.81) by $0.38. The firm had revenue of $209.10 million during 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%. Vail Resorts’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.80) EPS. equities analysts anticipate that Vail Resorts, Inc. will post 6.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were issued a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Friday, October 6th. Vail Resorts’s dividend payout ratio is presently 85.92%.
A number of brokerages have recently issued reports on MTN. Bank of America Corporation boosted their target price on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $232.00 target price (up previously from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. MKM Partners reiterated a “buy” rating and set a $266.00 target price (up previously from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, September 29th. Finally, KeyCorp reiterated an “overweight” rating and set a $250.00 target price on shares of Vail Resorts in a report on Wednesday, August 30th. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $250.25.
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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