Ladenburg Thalmann Financial Services Inc. lifted its stake in Vail Resorts, Inc. (NYSE:MTN) by 37.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,159 shares of the company’s stock after acquiring an additional 855 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Vail Resorts were worth $707,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of MTN. SRS Capital Advisors Inc. acquired a new position in shares of Vail Resorts in the 2nd quarter worth approximately $28,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Vail Resorts in the 2nd quarter worth approximately $45,000. NEXT Financial Group Inc lifted its holdings in shares of Vail Resorts by 24.7% in the 2nd quarter. NEXT Financial Group Inc now owns 384 shares of the company’s stock worth $87,000 after acquiring an additional 76 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Vail Resorts by 31.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 509 shares of the company’s stock worth $113,000 after acquiring an additional 123 shares during the last quarter. Finally, Quattro Financial Advisors LLC acquired a new position in shares of Vail Resorts in the 2nd quarter worth approximately $115,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.
In other Vail Resorts news, EVP James C. O’donnell sold 4,515 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $227.65, for a total value of $1,027,839.75. Following the sale, the executive vice president now directly owns 7,861 shares of the company’s stock, valued at approximately $1,789,556.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter A. Vaughn sold 500 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $224.09, for a total transaction of $112,045.00. Following the completion of the sale, the director now directly owns 8,615 shares in the company, valued at $1,930,535.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,641 shares of company stock worth $3,120,591. Insiders own 2.90% of the company’s stock.
Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($2.22) earnings per share for the quarter, topping the consensus estimate of ($2.58) by $0.36. Vail Resorts had a net margin of 13.26% and a return on equity of 18.13%. The firm had revenue of $244.01 million for the quarter, compared to the consensus estimate of $239.91 million. During the same period in the prior year, the firm earned ($2.07) EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Research analysts forecast that Vail Resorts, Inc. will post 7.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 8th will be given a $1.76 dividend. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, October 7th. Vail Resorts’s dividend payout ratio is presently 93.25%.
MTN has been the topic of several recent research reports. Jefferies Financial Group set a $263.00 target price on shares of Vail Resorts and gave the stock a “hold” rating in a research note on Friday, September 27th. KeyCorp upped their target price on shares of Vail Resorts from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. SunTrust Banks upped their target price on shares of Vail Resorts from $247.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. They noted that the move was a valuation call. Barclays upped their target price on shares of Vail Resorts from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, ValuEngine downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $247.26.
Vail Resorts Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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