Vail Resorts, Inc. (NYSE:MTN) insider Patricia A. Campbell sold 8,821 shares of the stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $277.06, for a total value of $2,443,946.26. Following the sale, the insider now owns 19,431 shares in the company, valued at approximately $5,383,552.86. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE MTN opened at $280.81 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.04 and a quick ratio of 0.88. The company has a market cap of $11.24 billion, a PE ratio of 53.80 and a beta of 0.45. Vail Resorts, Inc. has a 12-month low of $197.48 and a 12-month high of $288.83.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, June 7th. The company reported $6.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.12 by $0.05. Vail Resorts had a return on equity of 15.91% and a net margin of 20.23%. The business had revenue of $844.50 million during the quarter, compared to the consensus estimate of $823.83 million. During the same period in the previous year, the firm posted $4.40 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. analysts predict that Vail Resorts, Inc. will post 9.01 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Vail Resorts by 1.8% in the fourth quarter. BlackRock Inc. now owns 2,106,641 shares of the company’s stock valued at $447,597,000 after buying an additional 36,357 shares in the last quarter. Virtu Financial LLC raised its stake in Vail Resorts by 94.3% during the 4th quarter. Virtu Financial LLC now owns 11,143 shares of the company’s stock valued at $2,368,000 after purchasing an additional 5,409 shares during the period. LPL Financial LLC acquired a new stake in Vail Resorts during the 4th quarter valued at $1,138,000. Millennium Management LLC raised its stake in Vail Resorts by 0.5% during the 4th quarter. Millennium Management LLC now owns 142,138 shares of the company’s stock valued at $30,200,000 after purchasing an additional 756 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Vail Resorts by 10.1% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,003 shares of the company’s stock valued at $4,250,000 after purchasing an additional 1,843 shares during the period. 97.99% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the company. Berenberg Bank started coverage on Vail Resorts in a report on Wednesday. They set a “hold” rating and a $300.00 price objective on the stock. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 12th. Bank of America raised their price objective on Vail Resorts from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, June 5th. Barclays lifted their target price on Vail Resorts from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 11th. Finally, KeyCorp lifted their target price on Vail Resorts from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, June 8th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Vail Resorts presently has an average rating of “Buy” and an average price target of $281.44.
Vail Resorts Company 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, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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