Massachusetts Financial Services Co. MA lifted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 195,666 shares of the company’s stock after acquiring an additional 17,366 shares during the period. Massachusetts Financial Services Co. MA owned 0.48% of Vail Resorts worth $53,695,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Vail Resorts by 56.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock worth $138,000 after acquiring an additional 181 shares in the last quarter. Tdam USA Inc. raised its position in shares of Vail Resorts by 14.8% during the 2nd quarter. Tdam USA Inc. now owns 1,705 shares of the company’s stock worth $467,000 after acquiring an additional 220 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vail Resorts by 9.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,117 shares of the company’s stock worth $855,000 after acquiring an additional 266 shares in the last quarter. Aperio Group LLC raised its position in shares of Vail Resorts by 3.6% during the 3rd quarter. Aperio Group LLC now owns 10,073 shares of the company’s stock worth $2,764,000 after acquiring an additional 350 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Vail Resorts during the 2nd quarter worth about $122,000. 95.73% of the stock is currently owned by institutional investors and hedge funds.
MTN has been the topic of several research analyst reports. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 target price on the stock in a research report on Friday, July 13th. Berenberg Bank raised Vail Resorts from a “hold” rating to a “buy” rating in a research report on Monday. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Macquarie lowered Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target on the stock. in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Finally, KeyCorp lifted their price target on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $293.11.
MTN opened at $256.03 on Friday. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 40.70 and a beta of 0.40. Vail Resorts, Inc. has a 52 week low of $200.68 and a 52 week high of $302.76. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Friday, September 28th. The company reported ($2.07) EPS for the quarter, topping the consensus estimate of ($2.26) by $0.19. The company had revenue of $211.60 million for the quarter, compared to analyst estimates of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.43) earnings per share. Equities analysts predict that Vail Resorts, Inc. will post 7.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Tuesday, October 9th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, October 5th. Vail Resorts’s dividend payout ratio (DPR) is 93.48%.
In other news, EVP Kirsten A. Lynch sold 9,078 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total value of $2,388,058.68. Following the transaction, the executive vice president now owns 34,641 shares of the company’s stock, valued at $9,112,661.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter A. Vaughn sold 400 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $254.59, for a total value of $101,836.00. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Vail Resorts Company Profile
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 Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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