LPL Financial LLC Invests $1.14 Million in Vail Resorts (MTN) Stock

LPL Financial LLC purchased a new stake in shares of Vail Resorts (NYSE:MTN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,354 shares of the company’s stock, valued at approximately $1,138,000.

A number of other large investors have also recently modified their holdings of MTN. Cerebellum GP LLC purchased a new position in Vail Resorts during the fourth quarter valued at approximately $114,000. CENTRAL TRUST Co lifted its holdings in Vail Resorts by 3,147.1% during the fourth quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock valued at $117,000 after purchasing an additional 535 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Vail Resorts by 579.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock valued at $121,000 after purchasing an additional 487 shares in the last quarter. Elkfork Partners LLC purchased a new position in Vail Resorts during the fourth quarter valued at approximately $121,000. Finally, Aviance Capital Management LLC purchased a new position in Vail Resorts during the fourth quarter valued at approximately $138,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages have weighed in on MTN. Deutsche Bank reaffirmed a “buy” rating and set a $265.00 price target on shares of Vail Resorts in a report on Thursday, February 1st. MKM Partners lowered their target price on shares of Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Finally, Zacks Investment Research downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $250.67.

MTN stock opened at $223.87 on Monday. Vail Resorts has a one year low of $186.44 and a one year high of $237.77. The company has a current ratio of 0.73, a quick ratio of 0.58 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $9,045.92, a PE ratio of 42.89 and a beta of 0.44.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, March 8th. The company reported $4.12 EPS 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 the consensus estimate of $716.72 million. During the same quarter in the previous year, the firm earned $3.63 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. equities research analysts predict that Vail Resorts will post 8.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Tuesday, March 27th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, March 26th. This is an increase from Vail Resorts’s previous quarterly dividend of $1.05. Vail Resorts’s payout ratio is 112.64%.

In related news, CFO Michael Z. Barkin sold 2,695 shares of the company’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 sale, the chief financial officer now owns 18,058 shares of the company’s stock, valued at $4,017,002.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ryan H. Siurek sold 322 shares of the company’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 sale, the senior vice president now directly owns 520 shares in the company, valued at approximately $115,050. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.

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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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