Raymond James & Associates increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) by 25.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 109,642 shares of the company’s stock after purchasing an additional 22,103 shares during the period. Raymond James & Associates owned 0.29% of Vail Resorts worth $19,109,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its stake in shares of Vail Resorts by 66.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company’s stock worth $10,082,000 after acquiring an additional 17,976 shares during the period. Quantbot Technologies LP acquired a new position in shares of Vail Resorts in the first quarter valued at $3,228,000. Nordea Investment Management AB raised its position in shares of Vail Resorts by 5.9% in the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock valued at $98,470,000 after purchasing an additional 24,456 shares during the period. Edgestream Partners L.P. lifted its stake in shares of Vail Resorts by 146.3% during the 1st quarter. Edgestream Partners L.P. now owns 12,147 shares of the company’s stock worth $2,707,000 after buying an additional 7,216 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Vail Resorts by 507.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock worth $2,050,000 after buying an additional 9,506 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.
Insiders Place Their Bets
In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the sale, the director now owns 45,111 shares in the company, valued at $7,807,360.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The shares were bought at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the transaction, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Vail Resorts Stock Performance
Vail Resorts (NYSE:MTN – Get Free Report) last released its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the previous year, the company earned ($3.35) earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.
Vail Resorts Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is presently 147.26%.
Analyst Ratings Changes
MTN has been the subject of several research reports. Barclays cut their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. StockNews.com downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Morgan Stanley increased their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Macquarie reissued a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have 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 $208.22.
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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