Handelsbanken Fonder AB grew its stake in Vail Resorts, Inc. (NYSE:MTN) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Handelsbanken Fonder AB owned 0.28% of Vail Resorts worth $24,434,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in Vail Resorts by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,928 shares of the company’s stock worth $834,000 after acquiring an additional 452 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Vail Resorts by 10.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,003 shares of the company’s stock worth $4,250,000 after acquiring an additional 1,843 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Vail Resorts by 100.0% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,600 shares of the company’s stock worth $340,000 after acquiring an additional 800 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Vail Resorts in the fourth quarter worth $450,000. Finally, Macquarie Group Ltd. boosted its holdings in Vail Resorts by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 21,304 shares of the company’s stock worth $4,526,000 after acquiring an additional 1,233 shares in the last quarter. 95.74% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on MTN shares. Zacks Investment Research downgraded Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. MKM Partners lowered their price target on Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Deutsche Bank began coverage on Vail Resorts in a report on Wednesday, December 13th. They set a “buy” rating and a $265.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $250.67.
Vail Resorts stock opened at $229.70 on Thursday. The stock has a market capitalization of $9,313.81, a price-to-earnings ratio of 41.68 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, Inc. has a 1-year low of $183.85 and a 1-year high of $237.77.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, March 8th. The company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.57. The firm had revenue of $734.58 million for the quarter, compared to the consensus estimate of $716.72 million. Vail Resorts had a return on equity of 13.17% and a net margin of 16.91%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 earnings per share. analysts predict that Vail Resorts, Inc. will post 8.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Tuesday, March 27th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Monday, March 26th. This is a boost from Vail Resorts’s previous quarterly dividend of $1.05. Vail Resorts’s dividend payout ratio is 53.09%.
In related news, SVP Ryan H. Siurek sold 322 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $221.25, for a total transaction of $71,242.50. Following the completion of the sale, the senior vice president now owns 520 shares in the company, valued at $115,050. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Z. Barkin sold 2,695 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total value of $599,502.75. Following the sale, the chief financial officer now owns 18,058 shares of the company’s stock, valued at approximately $4,017,002.10. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.
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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