Zurcher Kantonalbank Zurich Cantonalbank Has $2.40 Million Stake in Vail Resorts, Inc. (MTN)
Zurcher Kantonalbank Zurich Cantonalbank grew its position in Vail Resorts, Inc. (NYSE:MTN) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,532 shares of the company’s stock after buying an additional 1,149 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vail Resorts were worth $2,403,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MTN. Commonwealth Bank of Australia boosted its position in shares of Vail Resorts by 284.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock worth $100,000 after purchasing an additional 367 shares during the period. Toronto Dominion Bank purchased a new position in shares of Vail Resorts during the 2nd quarter worth approximately $100,000. Strs Ohio purchased a new position in shares of Vail Resorts during the 2nd quarter worth approximately $105,000. SG Americas Securities LLC purchased a new position in shares of Vail Resorts during the 2nd quarter worth approximately $117,000. Finally, IFP Advisors Inc boosted its position in shares of Vail Resorts by 61.7% during the 3rd quarter. IFP Advisors Inc now owns 802 shares of the company’s stock worth $183,000 after purchasing an additional 306 shares during the period. 94.57% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on MTN. Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday. MKM Partners reaffirmed a “buy” rating and set a $266.00 price objective (up previously from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Barclays increased their price objective on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a research report on Friday, September 29th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $260.00 price objective (up previously from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $232.00 price objective (up previously from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Vail Resorts currently has an average rating of “Buy” and a consensus price target of $250.25.
In other Vail Resorts news, CFO Michael Z. Barkin sold 7,953 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total transaction of $1,722,222.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patricia A. Campbell sold 5,515 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the sale, the insider now owns 28,736 shares in the company, valued at $6,391,173.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 236,742 shares of company stock worth $51,804,735. 3.30% of the stock is owned by company insiders.
Shares of Vail Resorts, Inc. (MTN) opened at $223.71 on Friday. The stock has a market cap of $9,010.68, a P/E ratio of 42.17 and a beta of 0.46. Vail Resorts, Inc. has a fifty-two week low of $155.10 and a fifty-two week high of $237.77. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 0.69.
Vail Resorts (NYSE:MTN) last released its 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. The company had revenue of $209.10 million for the quarter, compared to analyst estimates of $210.92 million. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business earned ($1.80) EPS. equities analysts predict that Vail Resorts, Inc. will post 6.2 earnings per share for the current year.
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Vail Resorts 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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