Flinton Capital Management LLC increased its position in Vail Resorts, Inc. (NYSE:MTN) by 164.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,732 shares of the company’s stock after purchasing an additional 2,940 shares during the period. Flinton Capital Management LLC’s holdings in Vail Resorts were worth $960,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MTN. Trexquant Investment LP bought a new position in shares of Vail Resorts during the 1st quarter valued at $230,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Vail Resorts by 4.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,975 shares of the company’s stock valued at $379,000 after purchasing an additional 76 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Vail Resorts by 2.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,397 shares of the company’s stock valued at $842,000 after purchasing an additional 103 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Vail Resorts by 10.3% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,630 shares of the company’s stock valued at $313,000 after purchasing an additional 152 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Vail Resorts by 7.4% during the 1st quarter. Stifel Financial Corp now owns 4,352 shares of the company’s stock valued at $828,000 after purchasing an additional 301 shares in the last quarter. 96.40% of the stock is owned by institutional investors.
In related news, Director John F. Sorte sold 6,597 shares of Vail Resorts stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $216.74, for a total value of $1,429,833.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert A. Katz sold 55,976 shares of Vail Resorts stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total value of $12,333,751.84. Following the completion of the sale, the chairman now owns 496,166 shares of the company’s stock, valued at $109,325,216.44. The disclosure for this sale can be found here. Insiders have sold 231,227 shares of company stock valued at $50,578,144 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.
Vail Resorts, Inc. (NYSE MTN) traded up 0.64% during midday trading on Tuesday, hitting $217.81. 19,951 shares of the company were exchanged. Vail Resorts, Inc. has a one year low of $152.99 and a one year high of $232.71. The stock has a market capitalization of $8.73 billion, a PE ratio of 41.73 and a beta of 0.50. The firm’s 50-day moving average price is $224.51 and its 200-day moving average price is $209.77.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.81) by $0.38. The business had revenue of $209.10 million during the quarter, compared to the consensus estimate of $210.92 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.80) earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post $6.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $1.053 per share. The ex-dividend date is Friday, October 6th. This represents a $4.21 annualized dividend and a dividend yield of 1.95%. Vail Resorts’s payout ratio is presently 85.92%.
Several research analysts have recently issued reports on the stock. MKM Partners reiterated a “buy” rating and set a $266.00 target price (up from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Stifel Nicolaus restated a “hold” rating and issued a $229.00 price target on shares of Vail Resorts in a research report on Thursday, September 7th. KeyCorp restated an “overweight” rating and issued a $250.00 price target on shares of Vail Resorts in a research report on Wednesday, August 30th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $260.00 price target (up from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $245.14.
Vail Resorts 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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