Vail Resorts Inc. (MTN) Sees Strong Trading Volume
Shares of Vail Resorts Inc. (NYSE:MTN) saw an uptick in trading volume on Monday . 475,046 shares were traded during trading, an increase of 32% from the previous session’s volume of 359,910 shares.The stock last traded at $144.37 and had previously closed at $144.53.
A number of brokerages have commented on MTN. Janney Montgomery Scott reiterated a “buy” rating and set a $153.00 price target (up from $150.00) on shares of Vail Resorts in a research report on Friday, June 10th. Sterne Agee CRT reissued a “buy” rating on shares of Vail Resorts in a research note on Monday, May 16th. MKM Partners reissued a “buy” rating and set a $147.00 price objective on shares of Vail Resorts in a research note on Wednesday, June 1st. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Wednesday, July 6th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Vail Resorts in a research note on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $142.82.
The stock has a market capitalization of $5.22 billion and a price-to-earnings ratio of 37.23. The company’s 50-day moving average is $139.56 and its 200 day moving average is $130.41.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 9th. The company reported $4.23 EPS for the quarter, topping the Zacks’ consensus estimate of $4.20 by $0.03. The company had revenue of $647.47 million for the quarter, compared to analysts’ expectations of $652.41 million. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.56 EPS. On average, equities research analysts forecast that Vail Resorts Inc. will post $4.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Tuesday, June 28th were given a dividend of $0.81 per share. The ex-dividend date was Friday, June 24th. This represents a $3.24 dividend on an annualized basis and a yield of 2.25%.
A number of institutional investors recently made changes to their positions in MTN. Westfield Capital Management Co. LP increased its position in shares of Vail Resorts by 12.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 802,322 shares of the company’s stock worth $102,689,000 after buying an additional 90,826 shares during the last quarter. Century Capital Management LLC acquired a new stake in Vail Resorts during the fourth quarter valued at about $8,482,000. California Public Employees Retirement System boosted its stake in Vail Resorts by 21.3% in the fourth quarter. California Public Employees Retirement System now owns 90,000 shares of the company’s stock valued at $11,519,000 after buying an additional 15,800 shares during the period. J. Goldman & Co LP acquired a new stake in Vail Resorts during the fourth quarter valued at about $1,433,000. Finally, Quantitative Investment Management LLC boosted its stake in Vail Resorts by 88.5% in the fourth quarter. Quantitative Investment Management LLC now owns 11,500 shares of the company’s stock valued at $1,471,000 after buying an additional 5,400 shares during the period.
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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