Vail Resorts, Inc. (NYSE:MTN) Position Held by Connable Office Inc.
Connable Office Inc. continued to hold its stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the second quarter, Holdings Channel reports. The firm owned 4,900 shares of the company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Vail Resorts were worth $994,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of MTN. JPMorgan Chase & Co. boosted its stake in shares of Vail Resorts by 40.4% in the first quarter. JPMorgan Chase & Co. now owns 441,645 shares of the company’s stock worth $84,751,000 after buying an additional 126,977 shares during the period. Morgan Stanley boosted its stake in shares of Vail Resorts by 127.4% in the first quarter. Morgan Stanley now owns 108,825 shares of the company’s stock worth $20,884,000 after buying an additional 60,960 shares during the period. Creative Planning boosted its stake in shares of Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock worth $228,000 after buying an additional 354 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Vail Resorts by 375.5% in the second quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock worth $1,419,000 after buying an additional 5,523 shares during the period. Finally, Covington Capital Management boosted its stake in shares of Vail Resorts by 10.9% in the first quarter. Covington Capital Management now owns 5,598 shares of the company’s stock worth $1,074,000 after buying an additional 550 shares during the period. 97.95% of the stock is currently owned by institutional investors and hedge funds.
Vail Resorts, Inc. (MTN) opened at 212.72 on Thursday. The stock’s 50 day moving average price is $207.50 and its 200 day moving average price is $195.44. Vail Resorts, Inc. has a 12 month low of $151.60 and a 12 month high of $215.94. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 41.40 and a beta of 0.55.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 8th. The company reported $4.40 EPS for the quarter, missing analysts’ consensus estimates of $4.86 by $0.46. The firm had revenue of $794.60 million during the quarter, compared to analysts’ expectations of $802.59 million. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. Vail Resorts’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.23 earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post $4.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Wednesday, June 28th were given a $1.053 dividend. The ex-dividend date was Monday, June 26th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.98%. Vail Resorts’s dividend payout ratio is currently 92.94%.
MTN has been the topic of a number of recent research reports. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $224.00 price objective on the stock in a report on Tuesday, May 16th. William Blair assumed coverage on Vail Resorts in a report on Friday, July 21st. They issued an “outperform” rating on the stock. BidaskClub cut Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Janney Montgomery Scott raised their price target on Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a report on Monday, June 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $229.00 price target (up previously from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Vail Resorts has an average rating of “Buy” and an average target price of $211.11.
About Vail Resorts
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.
Want to see what other hedge funds are holding MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vail Resorts, Inc. (NYSE:MTN).
Receive News & Ratings for Vail Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.