Rational Advisors LLC bought a new position in Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,645 shares of the company’s stock, valued at approximately $1,972,000. Vail Resorts accounts for approximately 1.1% of Rational Advisors LLC’s holdings, making the stock its 16th biggest position.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Bank of Australia boosted its holdings in shares of Vail Resorts by 284.5% in the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock worth $100,000 after buying an additional 367 shares during the period. Toronto Dominion Bank purchased a new stake in shares of Vail Resorts in the second quarter worth approximately $100,000. Strs Ohio purchased a new stake in shares of Vail Resorts in the second quarter worth approximately $105,000. SG Americas Securities LLC purchased a new stake in shares of Vail Resorts in the second quarter worth approximately $117,000. Finally, IFP Advisors Inc lifted its position in shares of Vail Resorts by 61.7% in the third quarter. IFP Advisors Inc now owns 802 shares of the company’s stock worth $183,000 after purchasing an additional 306 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.
Shares of Vail Resorts, Inc. (MTN) traded up $0.72 on Monday, reaching $231.13. 48,917 shares of the company traded hands, compared to its average volume of 325,137. The company has a market capitalization of $9,310.00, a price-to-earnings ratio of 43.15 and a beta of 0.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72. Vail Resorts, Inc. has a 52-week low of $154.11 and a 52-week high of $237.77.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The company had revenue of $209.10 million for the quarter, compared to analyst estimates of $210.92 million. During the same quarter last year, the firm posted ($1.80) earnings per share. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. research analysts expect that Vail Resorts, Inc. will post 6.2 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th were given a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Friday, October 6th. Vail Resorts’s dividend payout ratio is 85.92%.
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In other news, insider Patricia A. Campbell sold 5,515 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total value of $1,226,591.15. Following the transaction, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael Z. Barkin sold 7,953 shares of Vail Resorts stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total transaction of $1,722,222.15. The disclosure for this sale can be found here. In the last three months, insiders sold 236,742 shares of company stock worth $51,804,735. Insiders own 3.30% of the company’s stock.
A number of research firms have recently issued reports on MTN. Bank of America Corporation increased their price target on shares of Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and issued a $232.00 price target (up from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. MKM Partners reissued a “buy” rating and issued a $266.00 price target (up from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Finally, KeyCorp reissued an “overweight” rating and issued a $250.00 price target on shares of Vail Resorts in a research report on Wednesday, August 30th. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Vail Resorts presently has a consensus rating of “Buy” and a consensus target price of $250.25.
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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