Rice Hall James & Associates LLC trimmed its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,771 shares of the company’s stock after selling 4,854 shares during the period. Rice Hall James & Associates LLC owned 0.23% of Vail Resorts worth $20,935,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Vail Resorts by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock valued at $634,095,000 after purchasing an additional 76,961 shares during the period. BlackRock Inc. raised its position in shares of Vail Resorts by 17.0% during the 2nd quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after purchasing an additional 300,793 shares during the period. State Street Corp raised its position in shares of Vail Resorts by 40.2% during the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after purchasing an additional 206,079 shares during the period. Voya Investment Management LLC raised its position in shares of Vail Resorts by 13.3% during the 2nd quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock valued at $103,478,000 after purchasing an additional 59,849 shares during the period. Finally, Fred Alger Management Inc. raised its position in shares of Vail Resorts by 12.4% during the 2nd quarter. Fred Alger Management Inc. now owns 274,869 shares of the company’s stock valued at $55,752,000 after purchasing an additional 30,326 shares during the period. Hedge funds and other institutional investors own 96.45% of the company’s stock.
Vail Resorts, Inc. (NYSE:MTN) traded up 0.86% during trading on Wednesday, hitting $230.99. 85,904 shares of the company were exchanged. Vail Resorts, Inc. has a 12 month low of $153.66 and a 12 month high of $232.71. The stock’s 50-day moving average is $224.36 and its 200-day moving average is $212.64. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 44.25 and a beta of 0.50.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The business had revenue of $209.10 million during the quarter, compared to analyst estimates of $210.92 million. During the same quarter last year, the firm posted ($1.80) earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. Equities research analysts anticipate that Vail Resorts, Inc. will post $6.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th were paid a $1.053 dividend. This represents a $4.21 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Friday, October 6th. Vail Resorts’s payout ratio is 85.92%.
In other news, insider Robert A. Katz sold 115,900 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $218.73, for a total value of $25,350,807.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Robert A. Katz sold 55,976 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the completion of the transaction, the chairman now directly owns 496,166 shares of the company’s stock, valued at approximately $109,325,216.44. The disclosure for this sale can be found here. In the last three months, insiders sold 236,742 shares of company stock valued at $51,804,735. Insiders own 3.30% of the company’s stock.
MTN has been the topic of several recent analyst reports. MKM Partners restated a “buy” rating and set a $266.00 price objective (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 “hold” rating to a “strong-buy” rating and set a $264.00 price target on the stock in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $229.00 price target on shares of Vail Resorts in a report on Thursday, September 7th. KeyCorp reiterated an “overweight” rating and issued a $250.00 price target on shares of Vail Resorts in a report on Wednesday, August 30th. Finally, Janney Montgomery Scott reiterated a “buy” rating and issued a $260.00 price target (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $247.50.
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About Vail Resorts
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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