Verition Fund Management LLC bought a new stake in Vail Resorts (NYSE:MTN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,592 shares of the company’s stock, valued at approximately $1,188,000.
A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Vail Resorts by 1.8% during the fourth quarter. BlackRock Inc. now owns 2,106,641 shares of the company’s stock worth $447,597,000 after purchasing an additional 36,357 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Vail Resorts by 7.5% during the fourth quarter. Alliancebernstein L.P. now owns 653,181 shares of the company’s stock worth $138,781,000 after purchasing an additional 45,742 shares in the last quarter. Jennison Associates LLC raised its holdings in Vail Resorts by 62.6% during the fourth quarter. Jennison Associates LLC now owns 608,496 shares of the company’s stock worth $129,287,000 after purchasing an additional 234,198 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Vail Resorts by 24.4% during the third quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock worth $114,902,000 after purchasing an additional 101,554 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Vail Resorts by 11.0% during the fourth quarter. Victory Capital Management Inc. now owns 456,038 shares of the company’s stock worth $96,894,000 after purchasing an additional 45,285 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.
Several brokerages recently commented on MTN. Deutsche Bank reissued a “buy” rating and set a $265.00 target price on shares of Vail Resorts in a report on Thursday, February 1st. MKM Partners dropped their price target on Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Finally, Zacks Investment Research cut Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Vail Resorts presently has a consensus rating of “Buy” and an average target price of $250.67.
In other news, SVP Ryan H. Siurek sold 322 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $221.25, for a total transaction of $71,242.50. Following the transaction, the senior vice president now directly owns 520 shares in the company, valued at approximately $115,050. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael Z. Barkin sold 2,695 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total transaction of $599,502.75. Following the transaction, the chief financial officer now owns 18,058 shares in the company, valued at $4,017,002.10. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
NYSE MTN traded down $5.04 on Friday, hitting $223.87. 274,834 shares of the stock were exchanged, compared to its average volume of 370,887. Vail Resorts has a 52-week low of $186.44 and a 52-week high of $237.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.58 and a current ratio of 0.73. The stock has a market cap of $9,045.92, a price-to-earnings ratio of 42.89 and a beta of 0.44.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, March 8th. The company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.57. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The firm had revenue of $734.58 million for the quarter, compared to analysts’ expectations of $716.72 million. During the same period in the previous year, the company posted $3.63 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. research analysts forecast that Vail Resorts will post 8.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Tuesday, March 27th will be issued a dividend of $1.47 per share. This is a boost from Vail Resorts’s previous quarterly dividend of $1.05. This represents a $5.88 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, March 26th. Vail Resorts’s payout ratio is currently 112.64%.
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About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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