Schwab Charles Investment Management Inc. Raises Holdings in Vail Resorts (MTN)

Schwab Charles Investment Management Inc. grew its holdings in shares of Vail Resorts (NYSE:MTN) by 3.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,783 shares of the company’s stock after purchasing an additional 5,887 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.40% of Vail Resorts worth $35,868,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Vail Resorts in the fourth quarter valued at approximately $114,000. CENTRAL TRUST Co boosted its position in shares of Vail Resorts by 3,147.1% in the fourth quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock valued at $117,000 after acquiring an additional 535 shares during the period. Elkfork Partners LLC bought a new position in shares of Vail Resorts in the fourth quarter valued at approximately $121,000. Aviance Capital Management LLC bought a new position in shares of Vail Resorts in the fourth quarter valued at approximately $138,000. Finally, American International Group Inc. bought a new position in shares of Vail Resorts in the fourth quarter valued at approximately $200,000. Institutional investors own 98.51% of the company’s stock.

In other Vail Resorts news, SVP Ryan H. Siurek sold 322 shares of Vail Resorts stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $221.25, for a total transaction of $71,242.50. Following the completion of the sale, the senior vice president now directly owns 520 shares in the company, valued at $115,050. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Z. Barkin sold 2,695 shares of Vail Resorts stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total transaction of $599,502.75. Following the sale, the chief financial officer now owns 18,058 shares of the company’s stock, valued at $4,017,002.10. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Separately, Deutsche Bank restated a “buy” rating and issued a $265.00 price objective on shares of Vail Resorts in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Vail Resorts currently has a consensus rating of “Buy” and a consensus target price of $250.67.

Vail Resorts opened at $238.31 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.73 and a quick ratio of 0.58. Vail Resorts has a 12 month low of $197.48 and a 12 month high of $241.33. The company has a market capitalization of $9.59 billion, a PE ratio of 45.65 and a beta of 0.45.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, March 8th. The company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.55 by $0.57. Vail Resorts had a net margin of 16.91% and a return on equity of 13.17%. The company had revenue of $734.58 million during the quarter, compared to analyst estimates of $716.72 million. During the same period last year, the business earned $3.63 earnings per share. Vail Resorts’s revenue was up 1.3% compared to the same quarter last year. equities research analysts predict that Vail Resorts will post 8.97 EPS for the current year.

About Vail Resorts

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, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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