AMP Capital Investors Ltd grew its holdings in Vail Resorts, Inc. (NYSE:MTN) by 36.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,538 shares of the company’s stock after acquiring an additional 5,000 shares during the period. AMP Capital Investors Ltd’s holdings in Vail Resorts were worth $3,939,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of MTN. CI Investments Inc. purchased a new position in shares of Vail Resorts in the 4th quarter valued at $52,884,000. Jennison Associates LLC raised its stake in shares of Vail Resorts by 62.6% in the 4th quarter. Jennison Associates LLC now owns 608,496 shares of the company’s stock valued at $129,287,000 after acquiring an additional 234,198 shares during the period. Carillon Tower Advisers Inc. purchased a new position in shares of Vail Resorts in the 4th quarter valued at $24,302,000. JPMorgan Chase & Co. raised its stake in shares of Vail Resorts by 24.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock valued at $114,902,000 after acquiring an additional 101,554 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Vail Resorts in the 4th quarter valued at $20,119,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on MTN shares. Stifel Nicolaus raised their target price on shares of Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a research note on Friday, December 8th. Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. MKM Partners dropped their price target on shares of Vail Resorts to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Finally, Deutsche Bank initiated coverage on shares of Vail Resorts in a research note on Wednesday, December 13th. They set a “buy” rating and a $265.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $250.67.
Shares of MTN stock opened at $230.50 on Wednesday. Vail Resorts, Inc. has a one year low of $183.85 and a one year high of $237.77. The stock has a market cap of $9,168.35, a price-to-earnings ratio of 29.07 and a beta of 0.55. The company has a current ratio of 0.73, a quick ratio of 0.58 and a debt-to-equity ratio of 0.63.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, March 8th. The company reported $4.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.55 by $0.57. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The firm had revenue of $734.58 million for the quarter, compared to the consensus estimate of $716.72 million. During the same quarter in the previous year, the firm posted $3.63 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. analysts expect that Vail Resorts, Inc. will post 8.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Tuesday, March 27th will be paid a dividend of $1.47 per share. This is an increase from Vail Resorts’s previous quarterly dividend of $1.05. The ex-dividend date is Monday, March 26th. This represents a $5.88 annualized dividend and a yield of 2.55%. Vail Resorts’s payout ratio is 53.09%.
In other Vail Resorts news, SVP Ryan H. Siurek sold 322 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $221.25, for a total transaction of $71,242.50. Following the completion of the transaction, the senior vice president now directly owns 520 shares of the company’s stock, valued at approximately $115,050. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Z. Barkin sold 2,695 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $222.45, for a total transaction of $599,502.75. Following the transaction, the chief financial officer now directly owns 18,058 shares of the company’s stock, valued at $4,017,002.10. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
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About Vail Resorts
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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