Horan Capital Management bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,412 shares of the company’s stock, valued at approximately $1,176,000.
Other large investors have also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $601,000. Highwater Wealth Management LLC acquired a new stake in Vail Resorts during the fourth quarter worth approximately $32,000. Strs Ohio raised its holdings in Vail Resorts by 175.9% during the fourth quarter. Strs Ohio now owns 81,847 shares of the company’s stock worth $17,254,000 after purchasing an additional 52,181 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in Vail Resorts by 58.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 16,050 shares of the company’s stock worth $3,384,000 after purchasing an additional 5,910 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Vail Resorts by 151.5% during the third quarter. Morgan Stanley now owns 238,162 shares of the company’s stock worth $65,355,000 after purchasing an additional 143,471 shares in the last quarter. 99.20% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP David T. Shapiro sold 5,312 shares of Vail Resorts stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $213.51, for a total value of $1,134,165.12. Following the transaction, the executive vice president now directly owns 4,573 shares in the company, valued at approximately $976,381.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction on Monday, March 18th. The shares were sold at an average price of $216.47, for a total transaction of $216,470.00. Following the completion of the transaction, the director now owns 8,372 shares in the company, valued at $1,812,286.84. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Shares of MTN traded up $0.66 during mid-day trading on Monday, reaching $217.75. 279,229 shares of the company’s stock were exchanged, compared to its average volume of 467,197. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.80. The firm has a market cap of $8.73 billion, a PE ratio of 34.62 and a beta of 0.65. Vail Resorts, Inc. has a 52-week low of $179.60 and a 52-week high of $302.76.
Vail Resorts (NYSE:MTN) last announced its earnings results on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.23. The business had revenue of $849.60 million for the quarter, compared to analyst estimates of $841.76 million. Vail Resorts had a net margin of 12.76% and a return on equity of 15.93%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $4.12 earnings per share. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Wednesday, March 27th were given a dividend of $1.76 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.47. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.23%. Vail Resorts’s dividend payout ratio (DPR) is 111.92%.
A number of analysts have weighed in on the stock. Macquarie cut shares of Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 price objective on the stock. in a report on Thursday, April 4th. Zacks Investment Research raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. KeyCorp raised their price objective on shares of Vail Resorts from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. ValuEngine cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Stifel Nicolaus raised their price objective on shares of Vail Resorts from $215.00 to $219.00 and gave the stock a “hold” rating in a report on Monday, March 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Vail Resorts presently has an average rating of “Hold” and a consensus target price of $266.45.
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Vail Resorts 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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