Guggenheim Capital LLC boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) by 43.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,092 shares of the company’s stock after purchasing an additional 1,231 shares during the quarter. Guggenheim Capital LLC’s holdings in Vail Resorts were worth $956,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Treasurer of the State of North Carolina raised its stake in Vail Resorts by 0.6% during the 1st quarter. Treasurer of the State of North Carolina now owns 18,144 shares of the company’s stock worth $4,240,000 after acquiring an additional 110 shares during the period. Global Retirement Partners LLC lifted its position in shares of Vail Resorts by 67.3% during the first quarter. Global Retirement Partners LLC now owns 415 shares of the company’s stock worth $99,000 after purchasing an additional 167 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Vail Resorts by 8.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 7,628 shares of the company’s stock worth $1,818,000 after buying an additional 587 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Vail Resorts during the 4th quarter worth $273,000. Finally, Sentry Investment Management LLC purchased a new stake in Vail Resorts in the fourth quarter valued at about $185,000. Institutional investors own 94.94% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $256.00 to $254.00 in a report on Friday, June 9th. Bank of America boosted their target price on Vail Resorts from $250.00 to $285.00 in a report on Friday, June 9th. Credit Suisse Group reduced their price objective on Vail Resorts from $333.00 to $321.00 in a research note on Friday, June 9th. StockNews.com began coverage on Vail Resorts in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Barclays upped their price target on Vail Resorts from $222.00 to $223.00 in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $257.50.
Vail Resorts Stock Performance
MTN opened at $227.90 on Monday. Vail Resorts, Inc. has a twelve month low of $201.91 and a twelve month high of $269.50. The company has a current ratio of 1.50, a quick ratio of 1.40 and a debt-to-equity ratio of 1.73. The stock has a market cap of $8.79 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 4.57 and a beta of 1.19. The business’s 50 day moving average is $235.79 and its 200-day moving average is $237.62.
Vail Resorts (NYSE:MTN – Get Free Report) last posted its quarterly earnings results on Thursday, June 8th. The company reported $8.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.88 by ($0.70). Vail Resorts had a net margin of 9.98% and a return on equity of 17.00%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company posted $9.16 EPS. Vail Resorts’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Vail Resorts, Inc. will post 6.74 earnings per share for the current year.
Vail Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Tuesday, June 27th were paid a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, June 26th. Vail Resorts’s payout ratio is presently 113.81%.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.
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