Verition Fund Management LLC Invests $1.19 Million in Vail Resorts (MTN) Stock

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.

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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.

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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