1060 Capital LLC Buys 4,075 Shares of Vail Resorts, Inc. (MTN)
1060 Capital LLC raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 2.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,678 shares of the company’s stock after buying an additional 4,075 shares during the quarter. Vail Resorts comprises 6.0% of 1060 Capital LLC’s portfolio, making the stock its 4th largest holding. 1060 Capital LLC owned approximately 0.39% of Vail Resorts worth $35,285,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of MTN. Creative Planning grew its holdings in Vail Resorts by 2.7% during the 2nd quarter. Creative Planning now owns 1,221 shares of the company’s stock valued at $248,000 after buying an additional 32 shares in the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in Vail Resorts during the 2nd quarter valued at about $1,317,000. Oregon Public Employees Retirement Fund purchased a new position in Vail Resorts during the 2nd quarter valued at about $1,643,000. LS Investment Advisors LLC purchased a new position in Vail Resorts during the 2nd quarter valued at about $219,000. Finally, Nisa Investment Advisors LLC grew its holdings in Vail Resorts by 200.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $304,000 after buying an additional 1,000 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.
In other Vail Resorts news, Chairman Robert A. Katz sold 55,976 shares of the company’s stock in a transaction that occurred 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 owns 496,166 shares of the company’s stock, valued at $109,325,216.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert A. Katz sold 115,900 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $218.73, for a total value of $25,350,807.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is owned by insiders.
MTN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 target price for the company in a report on Wednesday, October 25th. Barclays PLC lifted their target price on Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a report on Friday, September 29th. Bank of America Corporation lifted their target price on Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 10th. BidaskClub raised Vail Resorts from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $260.00 price objective (up previously from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Eight investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $250.25.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded up $0.24 during midday trading on Monday, hitting $230.65. The stock had a trading volume of 59,347 shares, compared to its average volume of 325,137. Vail Resorts, Inc. has a 52 week low of $154.11 and a 52 week high of $237.77. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $9,310.00, a price-to-earnings ratio of 43.15 and a beta of 0.48.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. The business had revenue of $209.10 million during the quarter, compared to analyst estimates of $210.92 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. Vail Resorts’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.80) earnings per share. analysts anticipate that Vail Resorts, Inc. will post 6.2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were paid a $1.053 dividend. This represents a $4.21 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio is currently 85.92%.
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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