TD Asset Management Inc. increased its stake in Vail Resorts, Inc. (NYSE:MTN) by 83.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,000 shares of the company’s stock after buying an additional 13,221 shares during the period. TD Asset Management Inc. owned 0.07% of Vail Resorts worth $5,565,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of MTN. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Vail Resorts by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,122 shares of the company’s stock valued at $176,000 after buying an additional 132 shares during the period. Texas Yale Capital Corp. bought a new stake in Vail Resorts during the fourth quarter valued at approximately $207,000. Granite Investment Partners LLC bought a new stake in Vail Resorts during the first quarter valued at approximately $211,000. Pacer Advisors Inc. raised its stake in Vail Resorts by 7.4% in the third quarter. Pacer Advisors Inc. now owns 1,365 shares of the company’s stock valued at $214,000 after buying an additional 94 shares during the period. Finally, Tyers Asset Management LLC bought a new stake in Vail Resorts during the fourth quarter valued at approximately $227,000. 93.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded down 0.28% during mid-day trading on Wednesday, reaching $205.36. The company’s stock had a trading volume of 116,395 shares. The company’s 50 day moving average price is $196.44 and its 200-day moving average price is $177.62. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 44.13 and a beta of 0.47. Vail Resorts, Inc. has a 1-year low of $128.55 and a 1-year high of $207.12.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Friday, March 10th. The company reported $3.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.45 by $0.18. The firm had revenue of $725.20 million during the quarter, compared to the consensus estimate of $708.73 million. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The firm’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.14 EPS. Analysts predict that Vail Resorts, Inc. will post $5.35 earnings per share for the current fiscal year.
Several analysts recently commented on the company. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, February 14th. Stifel Nicolaus raised their target price on Vail Resorts from $181.00 to $205.00 and gave the stock a “hold” rating in a report on Monday, March 13th. Janney Montgomery Scott raised their target price on Vail Resorts from $195.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, March 13th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $207.50 target price (up from $192.50) on shares of Vail Resorts in a report on Tuesday, March 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $193.31.
In other Vail Resorts news, Director John F. Sorte sold 6,082 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $186.98, for a total transaction of $1,137,212.36. Following the transaction, the director now owns 56,362 shares in the company, valued at approximately $10,538,566.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.60% of the stock is owned by corporate insiders.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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