1060 Capital LLC purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 95,000 shares of the company’s stock, valued at approximately $26,070,000. Vail Resorts accounts for 12.2% of 1060 Capital LLC’s portfolio, making the stock its 2nd biggest holding. 1060 Capital LLC owned 0.23% of Vail Resorts as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MTN. Massachusetts Financial Services Co. MA boosted its holdings in Vail Resorts by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 178,300 shares of the company’s stock worth $48,888,000 after acquiring an additional 4,882 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Vail Resorts by 89.6% in the second quarter. Daiwa Securities Group Inc. now owns 2,540 shares of the company’s stock worth $696,000 after acquiring an additional 1,200 shares in the last quarter. TD Asset Management Inc. boosted its holdings in Vail Resorts by 2.1% in the second quarter. TD Asset Management Inc. now owns 48,526 shares of the company’s stock worth $13,305,000 after acquiring an additional 998 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Vail Resorts by 0.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,789 shares of the company’s stock worth $34,216,000 after acquiring an additional 883 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Vail Resorts by 11.5% in the second quarter. Wells Fargo & Company MN now owns 501,642 shares of the company’s stock worth $137,545,000 after acquiring an additional 51,896 shares in the last quarter. Institutional investors and hedge funds own 95.39% of the company’s stock.
A number of research analysts have recently issued reports on the company. Macquarie raised Vail Resorts from a “neutral” rating to an “outperform” rating in a report on Monday, October 15th. They noted that the move was a valuation call. Zacks Investment Research downgraded Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Berenberg Bank raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Finally, KeyCorp upped their price target on Vail Resorts from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, October 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $293.11.
Shares of NYSE:MTN opened at $269.61 on Thursday. The firm has a market cap of $11.30 billion, a PE ratio of 42.86 and a beta of 0.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.91. Vail Resorts, Inc. has a 1 year low of $200.68 and a 1 year high of $302.76.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Friday, September 28th. The company reported ($2.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.26) by $0.19. The firm had revenue of $211.60 million for the quarter, compared to the consensus estimate of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted ($1.43) earnings per share. On average, research analysts predict that Vail Resorts, Inc. will post 7.79 earnings per share for the current fiscal year.
In related news, EVP Kirsten A. Lynch sold 9,078 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total transaction of $2,388,058.68. Following the completion of the sale, the executive vice president now owns 34,641 shares in the company, valued at $9,112,661.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter A. Vaughn sold 400 shares of the company’s stock in a transaction 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. Corporate insiders own 2.90% of the company’s stock.
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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 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.
See Also: Asset Allocation
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