Uncommon Cents Investing LLC bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,730 shares of the company’s stock, valued at approximately $1,689,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Vail Resorts by 1.8% in the 4th quarter. BlackRock Inc. now owns 2,106,641 shares of the company’s stock valued at $447,597,000 after purchasing an additional 36,357 shares during the period. State Street Corp increased its holdings in shares of Vail Resorts by 40.2% in the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after purchasing an additional 206,079 shares during the period. Jennison Associates LLC increased its holdings in shares of Vail Resorts by 62.6% in the 4th quarter. Jennison Associates LLC now owns 608,496 shares of the company’s stock valued at $129,287,000 after purchasing an additional 234,198 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Vail Resorts by 24.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock valued at $114,902,000 after purchasing an additional 101,554 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Vail Resorts by 11.0% in the 4th quarter. Victory Capital Management Inc. now owns 456,038 shares of the company’s stock valued at $96,894,000 after purchasing an additional 45,285 shares during the period. Institutional investors own 94.47% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Deutsche Bank reiterated a “buy” rating and issued a $265.00 target price on shares of Vail Resorts in a report on Thursday, February 1st. Stifel Nicolaus increased their price objective on Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, December 8th. Zacks Investment Research downgraded Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. MKM Partners dropped their price objective on Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Finally, Bank of America increased their price objective on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Vail Resorts has a consensus rating of “Buy” and a consensus price target of $250.67.
Vail Resorts, Inc. (MTN) opened at $216.04 on Friday. Vail Resorts, Inc. has a twelve month low of $178.34 and a twelve month high of $237.77. The company has a market capitalization of $8,729.53, a P/E ratio of 36.68 and a beta of 0.49. The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.10). Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The firm had revenue of $220.90 million during the quarter, compared to analyst estimates of $198.95 million. During the same quarter in the prior year, the company posted ($1.70) EPS. The company’s quarterly revenue was up 23.9% on a year-over-year basis. analysts expect that Vail Resorts, Inc. will post 6.9 EPS for the current fiscal year.
In other news, Director Michele Romanow acquired 225 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were purchased at an average price of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.
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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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