SG Americas Securities LLC Boosts Stake in Vail Resorts, Inc. (MTN)
SG Americas Securities LLC grew its holdings in Vail Resorts, Inc. (NYSE:MTN) by 192.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,689 shares of the company’s stock after purchasing an additional 1,111 shares during the period. SG Americas Securities LLC’s holdings in Vail Resorts were worth $385,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Strs Ohio purchased a new position in Vail Resorts in the 2nd quarter worth approximately $105,000. Great West Life Assurance Co. Can lifted its holdings in shares of Vail Resorts by 190.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 12,061 shares of the company’s stock worth $2,443,000 after acquiring an additional 7,907 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Vail Resorts in the 2nd quarter worth approximately $241,000. TD Asset Management Inc. lifted its holdings in shares of Vail Resorts by 6.7% in the 2nd quarter. TD Asset Management Inc. now owns 30,942 shares of the company’s stock worth $6,276,000 after acquiring an additional 1,942 shares during the last quarter. Finally, Pictet Asset Management Ltd. bought a new stake in shares of Vail Resorts in the 2nd quarter worth approximately $3,123,000. 94.52% of the stock is owned by institutional investors.
In related news, insider Patricia A. Campbell sold 5,515 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the sale, the insider now directly owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert A. Katz sold 115,900 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $218.73, for a total transaction of $25,350,807.00. The disclosure for this sale can be found here. Insiders sold a total of 236,742 shares of company stock worth $51,804,735 over the last ninety days. Insiders own 3.30% of the company’s stock.
MTN has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. KeyCorp restated an “overweight” rating and issued a $250.00 price objective on shares of Vail Resorts in a report on Wednesday, August 30th. Stifel Nicolaus restated a “hold” rating and issued a $229.00 price objective on shares of Vail Resorts in a report on Thursday, September 7th. Barclays boosted their price objective on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $260.00 price target (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Vail Resorts presently has an average rating of “Buy” and an average target price of $252.22.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded down $2.17 during midday trading on Friday, reaching $218.61. 331,300 shares of the company’s stock traded hands, compared to its average volume of 331,644. The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. Vail Resorts, Inc. has a 1-year low of $159.65 and a 1-year high of $237.77. The company has a market cap of $8,835.39, a price-to-earnings ratio of 43.81 and a beta of 0.45.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.90) by ($0.10). Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The company had revenue of $220.90 million during the quarter, compared to the consensus estimate of $198.95 million. During the same quarter last year, the company posted ($1.70) earnings per share. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. research analysts expect that Vail Resorts, Inc. will post 6.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be given a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, December 26th. Vail Resorts’s dividend payout ratio is presently 71.48%.
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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