Alps Advisors Inc. cut its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,646 shares of the company’s stock after selling 430 shares during the period. Alps Advisors Inc.’s holdings in Vail Resorts were worth $452,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of MTN. IFM Investors Pty Ltd acquired a new stake in shares of Vail Resorts in the second quarter valued at approximately $344,000. State of Alaska Department of Revenue lifted its position in shares of Vail Resorts by 32.2% in the second quarter. State of Alaska Department of Revenue now owns 4,880 shares of the company’s stock valued at $1,338,000 after buying an additional 1,190 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Vail Resorts by 32.1% in the second quarter. Xact Kapitalforvaltning AB now owns 5,345 shares of the company’s stock valued at $1,466,000 after buying an additional 1,300 shares during the last quarter. Chesley Taft & Associates LLC acquired a new stake in shares of Vail Resorts in the second quarter valued at approximately $805,000. Finally, Bank of Montreal Can lifted its position in shares of Vail Resorts by 12.2% in the second quarter. Bank of Montreal Can now owns 177,476 shares of the company’s stock valued at $48,662,000 after buying an additional 19,245 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.
In other Vail Resorts news, EVP Kirsten A. Lynch sold 9,078 shares of the firm’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total transaction of $2,388,058.68. Following the transaction, the executive vice president now owns 34,641 shares in the company, valued at approximately $9,112,661.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter A. Vaughn sold 400 shares of the firm’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $254.59, for a total value of $101,836.00. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Friday, September 28th. The company reported ($2.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.26) by $0.19. The business had revenue of $211.60 million during the quarter, compared to analysts’ expectations of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted ($1.43) EPS. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Tuesday, October 9th were issued a dividend of $1.47 per share. The ex-dividend date was Friday, October 5th. This represents a $5.88 annualized dividend and a yield of 2.22%. Vail Resorts’s payout ratio is currently 93.48%.
MTN has been the subject of several research reports. Berenberg Bank raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Macquarie cut Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target for the company. in a report on Wednesday, September 5th. They noted that the move was a valuation call. Finally, KeyCorp lifted their price target on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $293.11.
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Vail Resorts Company 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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