Tuttle Tactical Management LLC lowered its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 24.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,509 shares of the company’s stock after selling 2,136 shares during the period. Vail Resorts comprises about 1.7% of Tuttle Tactical Management LLC’s portfolio, making the stock its 26th biggest position. Tuttle Tactical Management LLC’s holdings in Vail Resorts were worth $1,382,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Vail Resorts by 100.0% during the 4th 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 during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Vail Resorts during the 4th quarter worth $450,000. Macquarie Group Ltd. grew its position in Vail Resorts by 6.1% during the 4th 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 during the last quarter. Vident Investment Advisory LLC grew its position in Vail Resorts by 53.3% during the 4th quarter. Vident Investment Advisory LLC now owns 7,573 shares of the company’s stock worth $1,609,000 after acquiring an additional 2,632 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Vail Resorts during the 4th quarter worth $1,188,000. Institutional investors and hedge funds own 95.74% of the company’s stock.
Several research analysts have commented on the company. Deutsche Bank reaffirmed a “buy” rating and set a $265.00 target price on shares of Vail Resorts in a report on Thursday, February 1st. Zacks Investment Research downgraded Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. MKM Partners cut their target price on Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Finally, Stifel Nicolaus lifted their target price on Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, December 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $250.67.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data 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 company 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 firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 EPS. equities analysts anticipate that Vail Resorts, Inc. will post 8.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Tuesday, March 27th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from Vail Resorts’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Monday, March 26th. Vail Resorts’s payout ratio is currently 53.09%.
In other news, SVP Ryan H. Siurek sold 322 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $221.25, for a total value of $71,242.50. Following 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Z. Barkin sold 2,695 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total value of $599,502.75. Following the completion of the transaction, the chief financial officer now directly owns 18,058 shares in the company, valued at $4,017,002.10. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.
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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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