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.
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.
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