Dupont Capital Management Corp lessened its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 38.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,700 shares of the company’s stock after selling 10,453 shares during the quarter. Dupont Capital Management Corp’s holdings in Vail Resorts were worth $4,583,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTN. Harvest Fund Management Co. Ltd grew its holdings in Vail Resorts by 144.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 386 shares of the company’s stock valued at $106,000 after buying an additional 228 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in Vail Resorts during the 2nd quarter valued at approximately $122,000. Tower Research Capital LLC TRC grew its holdings in Vail Resorts by 56.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock valued at $138,000 after buying an additional 181 shares in the last quarter. Hirtle Callaghan & Co LLC purchased a new position in Vail Resorts during the 2nd quarter valued at approximately $192,000. Finally, FDx Advisors Inc. purchased a new position in Vail Resorts during the 2nd quarter valued at approximately $206,000. Institutional investors and hedge funds own 95.79% of the company’s stock.
In related news, Director Peter A. Vaughn sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $254.59, for a total transaction of $101,836.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kirsten A. Lynch sold 9,078 shares of the firm’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total value of $2,388,058.68. Following the sale, the executive vice president now directly owns 34,641 shares of the company’s stock, valued at $9,112,661.46. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Friday, September 28th. The company reported ($2.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.26) by $0.19. The business had revenue of $211.60 million during the quarter, compared to analyst estimates of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned ($1.43) EPS. Research analysts expect that Vail Resorts, Inc. will post 7.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Tuesday, October 9th were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, October 5th. Vail Resorts’s payout ratio is 93.48%.
Several equities analysts have weighed in on MTN shares. Berenberg Bank upgraded Vail Resorts from a “hold” rating to a “buy” rating in a report on Monday, October 29th. ValuEngine upgraded Vail Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. 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 raised their price target on Vail Resorts from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, October 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price 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.
Further Reading: Calculate Your Return on Investment (ROI)
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