SG Americas Securities LLC increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.5% during the first quarter, Holdings Channel reports. The institutional investor owned 7,946 shares of the company’s stock after buying an additional 411 shares during the quarter. SG Americas Securities LLC’s holdings in Vail Resorts were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC acquired a new position in shares of Vail Resorts in the first quarter worth about $46,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Vail Resorts by 31.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,522 shares of the company’s stock worth $2,721,000 after acquiring an additional 2,991 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Vail Resorts by 9.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,041 shares of the company’s stock worth $1,095,000 after acquiring an additional 444 shares during the period. K.J. Harrison & Partners Inc raised its position in shares of Vail Resorts by 126.5% in the first quarter. K.J. Harrison & Partners Inc now owns 9,060 shares of the company’s stock worth $1,969,000 after acquiring an additional 5,060 shares during the period. Finally, Private Capital Group LLC raised its position in shares of Vail Resorts by 45.4% in the first quarter. Private Capital Group LLC now owns 301 shares of the company’s stock worth $66,000 after acquiring an additional 94 shares during the period. 96.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the stock. Deutsche Bank decreased their price objective on shares of Vail Resorts from $294.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Macquarie downgraded shares of Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 price objective for the company. in a research report on Thursday, April 4th. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a research report on Friday. KeyCorp upped their price objective on shares of Vail Resorts from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, SunTrust Banks assumed coverage on shares of Vail Resorts in a research report on Friday, April 26th. They issued a “buy” rating and a $242.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $254.06.
MTN stock opened at $225.09 on Friday. The stock has a market cap of $9.08 billion, a PE ratio of 35.79, a P/E/G ratio of 2.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.55 and a quick ratio of 0.41. Vail Resorts, Inc. has a 52 week low of $179.60 and a 52 week high of $302.76.
Vail Resorts (NYSE:MTN) last released its earnings results on Friday, March 8th. The company reported $5.02 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $0.23. The business had revenue of $849.60 million during the quarter, compared to analysts’ expectations of $841.76 million. Vail Resorts had a net margin of 12.76% and a return on equity of 15.93%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.12 earnings per share. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 6.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Wednesday, March 27th were paid a dividend of $1.76 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.13%. This is a boost from Vail Resorts’s previous quarterly dividend of $1.47. Vail Resorts’s payout ratio is currently 111.92%.
In other news, EVP David T. Shapiro sold 5,312 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the completion of the sale, the executive vice president now owns 4,573 shares of the company’s stock, valued at $976,381.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $216.47, for a total transaction of $216,470.00. Following the sale, the director now directly owns 8,372 shares of the company’s stock, valued at approximately $1,812,286.84. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.
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Vail Resorts 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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