Aperio Group LLC Raises Stake in Vail Resorts, Inc. (MTN)
Aperio Group LLC lifted its position in Vail Resorts, Inc. (NYSE:MTN) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,746 shares of the company’s stock after acquiring an additional 1,160 shares during the quarter. Aperio Group LLC’s holdings in Vail Resorts were worth $2,223,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Tocqueville Asset Management L.P. grew its position in shares of Vail Resorts by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after acquiring an additional 8 shares in the last quarter. Comerica Bank grew its position in shares of Vail Resorts by 0.6% in the 2nd quarter. Comerica Bank now owns 1,789 shares of the company’s stock worth $376,000 after acquiring an additional 10 shares in the last quarter. Corundum Group Inc. grew its position in shares of Vail Resorts by 0.9% in the 2nd quarter. Corundum Group Inc. now owns 1,603 shares of the company’s stock worth $325,000 after acquiring an additional 15 shares in the last quarter. Paloma Partners Management Co grew its position in shares of Vail Resorts by 0.8% in the 1st quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock worth $542,000 after acquiring an additional 23 shares in the last quarter. Finally, FineMark National Bank & Trust grew its position in shares of Vail Resorts by 2.1% in the 2nd quarter. FineMark National Bank & Trust now owns 1,225 shares of the company’s stock worth $248,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.
A number of research analysts recently issued reports on MTN shares. KeyCorp restated an “overweight” rating and set a $250.00 price objective on shares of Vail Resorts in a research report on Wednesday, August 30th. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. William Blair started coverage on Vail Resorts in a research report on Friday, July 21st. They set an “outperform” rating for the company. BidaskClub upgraded Vail Resorts from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $229.00 price objective on shares of Vail Resorts in a research report on Thursday, September 7th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $250.25.
In other news, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $222.41, for a total value of $1,226,591.15. Following the sale, the insider now owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert A. Katz sold 55,976 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total value of $12,333,751.84. Following the completion of the sale, the chairman now directly owns 496,166 shares in the company, valued at approximately $109,325,216.44. The disclosure for this sale can be found here. Insiders have sold a total of 236,742 shares of company stock valued at $51,804,735 in the last quarter. 3.30% of the stock is currently owned by insiders.
Vail Resorts, Inc. (NYSE MTN) opened at $229.33 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72. Vail Resorts, Inc. has a 12-month low of $154.11 and a 12-month high of $237.77. The stock has a market capitalization of $9,286.01, a price-to-earnings ratio of 43.45 and a beta of 0.48.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The company had revenue of $209.10 million during the quarter, compared to analyst estimates of $210.92 million. During the same quarter in the previous year, the firm posted ($1.80) EPS. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. sell-side analysts expect that Vail Resorts, Inc. will post 6.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were given a dividend of $1.053 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $4.21 dividend on an annualized basis and a yield of 1.84%. Vail Resorts’s dividend payout ratio (DPR) is presently 85.92%.
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Vail Resorts Company Profile
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.
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