Chartwell Investment Partners LLC Purchases 857 Shares of Vail Resorts, Inc. (MTN)
Chartwell Investment Partners LLC lifted its position in Vail Resorts, Inc. (NYSE:MTN) by 36.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,231 shares of the company’s stock after purchasing an additional 857 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Vail Resorts were worth $887,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Xact Kapitalforvaltning AB raised its position in shares of Vail Resorts by 32.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 5,345 shares of the company’s stock valued at $1,466,000 after buying an additional 1,300 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in Vail Resorts in the 2nd quarter worth about $335,000. Hartford Investment Management Co. purchased a new stake in Vail Resorts in the 2nd quarter worth about $283,000. Foundry Partners LLC purchased a new stake in Vail Resorts in the 2nd quarter worth about $215,000. Finally, Janney Montgomery Scott LLC raised its position in Vail Resorts by 6.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 25,652 shares of the company’s stock worth $7,034,000 after purchasing an additional 1,441 shares during the period. Institutional investors and hedge funds own 95.18% of the company’s stock.
Vail Resorts stock opened at $265.84 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.91. Vail Resorts, Inc. has a 1-year low of $200.68 and a 1-year high of $302.76. The stock has a market capitalization of $10.62 billion, a P/E ratio of 42.30 and a beta of 0.53.
The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Tuesday, October 9th were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, October 5th. This represents a $5.88 dividend on an annualized basis and a yield of 2.21%. Vail Resorts’s dividend payout ratio is currently 93.48%.
A number of research firms recently weighed in on MTN. Berenberg Bank raised shares of Vail Resorts from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Macquarie raised shares of Vail Resorts from a “neutral” rating to an “outperform” rating in a research report on Monday, October 15th. They noted that the move was a valuation call. ValuEngine raised shares of Vail Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. KeyCorp increased their price objective on shares of Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 1st. Finally, Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $293.11.
In other Vail Resorts news, EVP Kirsten A. Lynch sold 9,078 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $263.06, for a total value of $2,388,058.68. Following the transaction, the executive vice president now directly owns 34,641 shares in the company, valued at approximately $9,112,661.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter A. Vaughn sold 400 shares of the company’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $254.59, for a total transaction of $101,836.00. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.
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Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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