Nippon Life Global Investors Americas Inc. cut its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,240 shares of the company’s stock after selling 1,830 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Vail Resorts were worth $4,388,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in shares of Vail Resorts in the 2nd quarter worth about $100,000. Commonwealth Bank of Australia raised its holdings in shares of Vail Resorts by 284.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock worth $100,000 after purchasing an additional 367 shares during the period. Strs Ohio purchased a new position in shares of Vail Resorts in the 2nd quarter worth about $105,000. SG Americas Securities LLC purchased a new position in shares of Vail Resorts in the 2nd quarter worth about $117,000. Finally, IFP Advisors Inc raised its holdings in shares of Vail Resorts by 61.7% in the 3rd quarter. IFP Advisors Inc now owns 802 shares of the company’s stock worth $183,000 after purchasing an additional 306 shares during the period. Hedge funds and other institutional investors own 94.52% of the company’s stock.
Several equities research analysts recently commented on MTN shares. MKM Partners reiterated a “buy” rating and set a $266.00 target price (up from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 target price on the stock in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and set a $229.00 target price on shares of Vail Resorts in a report on Thursday, September 7th. Janney Montgomery Scott reiterated a “buy” rating and set a $260.00 target price (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Finally, KeyCorp reiterated an “overweight” rating and set a $250.00 target price on shares of Vail Resorts in a report on Wednesday, August 30th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $250.25.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.81) by $0.38. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The firm 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 earned ($1.80) EPS. Vail Resorts’s quarterly revenue was up 16.2% on a year-over-year basis. equities analysts anticipate that Vail Resorts, Inc. will post 6.2 EPS for the current year.
In other Vail Resorts news, insider Robert A. Katz sold 115,900 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $218.73, for a total transaction of $25,350,807.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patricia A. Campbell sold 5,515 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $222.41, for a total value of $1,226,591.15. Following the completion of the transaction, the insider now owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is owned by 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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