Tocqueville Asset Management L.P. cut its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 25.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,175 shares of the company’s stock after selling 727 shares during the period. Tocqueville Asset Management L.P.’s holdings in Vail Resorts were worth $462,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Bank of Montreal Can raised its position in Vail Resorts by 23.1% during the fourth quarter. Bank of Montreal Can now owns 161,422 shares of the company’s stock valued at $34,295,000 after purchasing an additional 30,249 shares during the period. Swiss National Bank raised its position in Vail Resorts by 1.0% during the third quarter. Swiss National Bank now owns 176,200 shares of the company’s stock valued at $40,195,000 after purchasing an additional 1,800 shares during the period. Dean Capital Investments Management LLC purchased a new stake in Vail Resorts during the fourth quarter valued at approximately $282,000. Aperio Group LLC raised its position in Vail Resorts by 13.5% during the third quarter. Aperio Group LLC now owns 9,746 shares of the company’s stock valued at $2,223,000 after purchasing an additional 1,160 shares during the period. Finally, Virtu Financial LLC raised its position in Vail Resorts by 94.3% during the fourth quarter. Virtu Financial LLC now owns 11,143 shares of the company’s stock valued at $2,368,000 after purchasing an additional 5,409 shares during the period. 95.77% of the stock is owned by institutional investors.
Shares of Vail Resorts, Inc. (MTN) opened at $221.37 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. Vail Resorts, Inc. has a fifty-two week low of $183.85 and a fifty-two week high of $237.77. The firm has a market capitalization of $9,027.73, a P/E ratio of 40.40 and a beta of 0.55.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, March 8th. The company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.57. Vail Resorts had a return on equity of 13.17% and a net margin of 16.91%. The firm had revenue of $734.58 million for the quarter, compared to the consensus estimate of $716.72 million. During the same period in the prior year, the business posted $3.63 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. research analysts anticipate that Vail Resorts, Inc. will post 8.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Tuesday, March 27th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 2.66%. This is an increase from Vail Resorts’s previous quarterly dividend of $1.05. The ex-dividend date is Monday, March 26th. Vail Resorts’s dividend payout ratio is presently 53.09%.
In other Vail Resorts news, Director Michele Romanow purchased 225 shares of Vail Resorts stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares in the company, valued at approximately $368,421.02. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.
A number of equities research analysts have issued reports on the company. Deutsche Bank restated a “buy” rating and set a $265.00 price objective on shares of Vail Resorts in a research report on Thursday, February 1st. Stifel Nicolaus upped their price objective on Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a research report on Friday, December 8th. Zacks Investment Research downgraded Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Finally, MKM Partners decreased their price objective on Vail Resorts to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $250.67.
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Vail Resorts 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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