Captrust Financial Advisors lifted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,363 shares of the company’s stock after purchasing an additional 286 shares during the period. Captrust Financial Advisors’ holdings in Vail Resorts were worth $412,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its position in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares during the period. V Square Quantitative Management LLC purchased a new stake in Vail Resorts during the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in Vail Resorts during the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. increased its stake in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares during the period. Finally, UMB Bank n.a. increased its stake in Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares during the period. Institutional investors own 94.94% of the company’s stock.
Vail Resorts Trading Down 1.8 %
NYSE MTN opened at $190.43 on Friday. The firm has a market capitalization of $7.14 billion, a PE ratio of 31.63, a P/E/G ratio of 2.25 and a beta of 1.14. The stock’s 50 day moving average is $177.35 and its 200 day moving average is $178.86. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92. The company has a quick ratio of 0.71, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.
Vail Resorts (NYSE:MTN – Get Free Report) last released its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($4.60) EPS. Research analysts forecast that Vail Resorts, Inc. will post 7.47 earnings per share for the current fiscal year.
Vail Resorts Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Thursday, December 26th. Vail Resorts’s dividend payout ratio is 147.51%.
Wall Street Analyst Weigh In
Several research analysts recently commented on MTN shares. UBS Group initiated coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price on the stock. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday. Truist Financial lowered their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday. Mizuho boosted their price target on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Barclays increased their price objective on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $205.50.
View Our Latest Stock Analysis on MTN
Insider Buying and Selling at Vail Resorts
In other news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Vail Resorts Company Profile
(Free Report)
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.
See Also
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