Renaissance Technologies LLC raised its holdings in Vail Resorts, Inc. (NYSE:MTN) by 2,071.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,800 shares of the company’s stock after acquiring an additional 58,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.15% of Vail Resorts worth $12,332,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of MTN. Stifel Financial Corp lifted its stake in shares of Vail Resorts by 7.4% during the 1st quarter. Stifel Financial Corp now owns 4,352 shares of the company’s stock worth $828,000 after purchasing an additional 301 shares during the last quarter. United Services Automobile Association lifted its stake in shares of Vail Resorts by 2.2% during the 1st quarter. United Services Automobile Association now owns 14,000 shares of the company’s stock worth $2,687,000 after purchasing an additional 300 shares during the last quarter. Legal & General Group Plc raised its stake in Vail Resorts by 177.7% in the first quarter. Legal & General Group Plc now owns 13,717 shares of the company’s stock valued at $2,632,000 after buying an additional 8,778 shares during the last quarter. Vanguard Group Inc. raised its stake 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 during the last quarter. Finally, Geode Capital Management LLC raised its stake in Vail Resorts by 8.6% in the first quarter. Geode Capital Management LLC now owns 289,532 shares of the company’s stock valued at $55,561,000 after buying an additional 23,005 shares during the last quarter. 96.46% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Vail Resorts, Inc. (MTN) opened at 227.32 on Friday. The firm has a 50-day moving average price of $224.41 and a 200-day moving average price of $211.53. The stock has a market cap of $9.11 billion, a P/E ratio of 43.55 and a beta of 0.50. Vail Resorts, Inc. has a 52-week low of $153.66 and a 52-week high of $232.71.
Vail Resorts (NYSE:MTN) last released its 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 analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.80) EPS. On average, analysts anticipate that Vail Resorts, Inc. will post $6.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were given a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio is 85.92%.
MTN has been the subject of several research analyst reports. MKM Partners reaffirmed a “buy” rating and set a $266.00 target price (up from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 price objective on the stock in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $229.00 price objective on shares of Vail Resorts in a report on Thursday, September 7th. KeyCorp reissued an “overweight” rating and issued a $250.00 price objective on shares of Vail Resorts in a report on Wednesday, August 30th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $260.00 target price (up previously from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Vail Resorts currently has a consensus rating of “Buy” and an average price target of $247.50.
In related news, insider Robert A. Katz sold 115,900 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $218.73, for a total value of $25,350,807.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Patricia A. Campbell sold 5,515 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 28,736 shares in the company, valued at approximately $6,391,173.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 236,742 shares of company stock valued at $51,804,735. Company insiders own 4.60% of the company’s stock.
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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