Investors Sell Shares of Vail Resorts (MTN) on Strength (MTN)
Traders sold shares of Vail Resorts, Inc. (NYSE:MTN) on strength during trading hours on Thursday. $30.44 million flowed into the stock on the tick-up and $51.93 million flowed out of the stock on the tick-down, for a money net flow of $21.49 million out of the stock. Of all companies tracked, Vail Resorts had the 17th highest net out-flow for the day. Vail Resorts traded up $0.93 for the day and closed at $214.76
MTN has been the subject of several research reports. MKM Partners reissued a “buy” rating and set a $266.00 price objective (up from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 price target for the company in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $229.00 price target on shares of Vail Resorts in a report on Thursday, September 7th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $260.00 price target (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Vail Resorts in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $252.22.
The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $8,640.00, a price-to-earnings ratio of 36.40 and a beta of 0.45.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing the Zacks’ 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 period in the previous year, the business earned ($1.70) earnings per share. Vail Resorts’s revenue was up 23.9% on a year-over-year basis. equities research analysts anticipate that Vail Resorts, Inc. will post 6.85 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, December 26th. Vail Resorts’s payout ratio is currently 71.36%.
In other Vail Resorts news, Director Michele Romanow acquired 225 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were bought at an average price of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the transaction, the director now owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert A. Katz sold 55,976 shares of the 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 owns 496,166 shares in the company, valued at approximately $109,325,216.44. The disclosure for this sale can be found here. Insiders sold 236,742 shares of company stock worth $51,804,735 in the last quarter. 3.30% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Tocqueville Asset Management L.P. raised its position in shares of Vail Resorts by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after buying an additional 8 shares in the last quarter. Comerica Bank raised its position in shares of Vail Resorts by 0.6% in the second quarter. Comerica Bank now owns 1,789 shares of the company’s stock worth $376,000 after buying an additional 10 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Vail Resorts by 2.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,016 shares of the company’s stock worth $409,000 after buying an additional 41 shares in the last quarter. Renaissance Group LLC raised its position in shares of Vail Resorts by 2.4% in the second quarter. Renaissance Group LLC now owns 1,945 shares of the company’s stock worth $395,000 after buying an additional 46 shares in the last quarter. Finally, Sii Investments Inc. WI raised its position in shares of Vail Resorts by 3.9% in the second quarter. Sii Investments Inc. WI now owns 1,590 shares of the company’s stock worth $322,000 after buying an additional 60 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.
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.
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