Investors Purchase Large Volume of Vail Resorts Put Options (NYSE:MTN)

Vail Resorts, Inc. (NYSE:MTN) saw unusually large options trading activity on Monday. Investors acquired 1,341 put options on the stock. This represents an increase of approximately 1,516% compared to the average volume of 83 put options.

Several research analysts have commented on MTN shares. KeyCorp lifted their price objective on shares of Vail Resorts from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. William Blair reaffirmed a “buy” rating on shares of Vail Resorts in a research note on Friday, December 6th. Jefferies Financial Group set a $263.00 price objective on shares of Vail Resorts and gave the stock a “hold” rating in a research note on Friday, September 27th. Barclays lifted their price objective on shares of Vail Resorts from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Bank of America lifted their price objective on shares of Vail Resorts from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $246.16.

In other Vail Resorts news, EVP James C. O’donnell sold 4,515 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $227.65, for a total transaction of $1,027,839.75. Following the completion of the transaction, the executive vice president now directly owns 7,861 shares of the company’s stock, valued at $1,789,556.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ryan H. Siurek sold 898 shares of Vail Resorts stock in a transaction on Monday, September 30th. The stock was sold at an average price of $235.83, for a total transaction of $211,775.34. Following the transaction, the chief accounting officer now directly owns 1,069 shares of the company’s stock, valued at $252,102.27. The disclosure for this sale can be found here. Insiders sold 13,641 shares of company stock worth $3,120,591 in the last 90 days. 2.40% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. SRS Capital Advisors Inc. purchased a new stake in shares of Vail Resorts during the second quarter valued at $28,000. Massey Quick Simon & CO. LLC purchased a new stake in Vail Resorts in the second quarter worth about $45,000. North Star Investment Management Corp. purchased a new stake in Vail Resorts in the third quarter worth about $68,000. CNB Bank lifted its stake in Vail Resorts by 293.5% in the third quarter. CNB Bank now owns 421 shares of the company’s stock worth $96,000 after acquiring an additional 314 shares during the period. Finally, Commonwealth Bank of Australia lifted its stake in Vail Resorts by 31.9% in the second quarter. Commonwealth Bank of Australia now owns 509 shares of the company’s stock worth $113,000 after acquiring an additional 123 shares during the period. 95.64% of the stock is owned by hedge funds and other institutional investors.

Shares of MTN opened at $232.96 on Wednesday. The firm has a market capitalization of $9.38 billion, a P/E ratio of 30.86, a P/E/G ratio of 1.96 and a beta of 0.71. Vail Resorts has a 12-month low of $179.60 and a 12-month high of $249.67. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 0.88. The firm has a fifty day moving average price of $237.67 and a 200-day moving average price of $233.50.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, December 9th. The company reported ($2.64) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.00) by $0.36. The firm had revenue of $267.80 million during the quarter, compared to analyst estimates of $251.65 million. Vail Resorts had a net margin of 13.26% and a return on equity of 18.13%. The business’s revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($2.66) earnings per share. Analysts predict that Vail Resorts will post 7.94 earnings per share for the current year.

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.

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