Sheets Smith Wealth Management decreased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.4% during the second quarter, Holdings Channel reports. The fund owned 3,527 shares of the company’s stock after selling 161 shares during the period. Sheets Smith Wealth Management’s holdings in Vail Resorts were worth $715,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Vail Resorts during the second quarter valued at $162,000. Granite Investment Partners LLC purchased a new position in Vail Resorts during the first quarter valued at $211,000. Vident Investment Advisory LLC purchased a new position in Vail Resorts during the first quarter valued at $211,000. LS Investment Advisors LLC purchased a new position in Vail Resorts during the second quarter valued at $219,000. Finally, Creative Planning boosted its position in Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock valued at $228,000 after buying an additional 354 shares during the last quarter. 97.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded up 1.13% during trading on Friday, reaching $208.43. The company had a trading volume of 265,965 shares. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 40.57 and a beta of 0.54. The company’s 50 day moving average is $206.54 and its 200-day moving average is $190.75. Vail Resorts, Inc. has a 1-year low of $140.74 and a 1-year high of $215.82.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.86 by $0.46. The business had revenue of $794.60 million for the quarter, compared to analyst estimates of $802.59 million. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.23 earnings per share. On average, equities research analysts anticipate that Vail Resorts, Inc. will post $4.84 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Wednesday, June 28th were given a dividend of $1.053 per share. The ex-dividend date of this dividend was Monday, June 26th. This represents a $4.21 dividend on an annualized basis and a yield of 2.02%. Vail Resorts’s dividend payout ratio is presently 92.94%.
MTN has been the topic of several research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $229.00 price target (up from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. BidaskClub cut Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Janney Montgomery Scott increased their price target on Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a report on Monday, June 12th. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a report on Tuesday, April 11th. Finally, Bank of America Corporation reissued a “buy” rating and set a $228.00 price target (up from $205.00) on shares of Vail Resorts in a report on Friday, June 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $211.11.
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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