Tdam USA Inc. reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 16.2% during the third quarter, HoldingsChannel.com reports. The fund owned 1,428 shares of the company’s stock after selling 277 shares during the quarter. Tdam USA Inc.’s holdings in Vail Resorts were worth $392,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in MTN. Millennium Management LLC raised its stake in Vail Resorts by 3,695.2% in the 2nd quarter. Millennium Management LLC now owns 189,534 shares of the company’s stock valued at $51,968,000 after acquiring an additional 184,540 shares during the period. Marshall Wace LLP bought a new stake in shares of Vail Resorts during the second quarter valued at about $36,577,000. Unigestion Holding SA bought a new stake in shares of Vail Resorts during the second quarter valued at about $35,393,000. Ardevora Asset Management LLP bought a new stake in shares of Vail Resorts during the second quarter valued at about $34,347,000. Finally, FMR LLC increased its position in shares of Vail Resorts by 9.9% during the second quarter. FMR LLC now owns 1,278,386 shares of the company’s stock valued at $350,520,000 after buying an additional 114,661 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.
MTN has been the topic of several analyst reports. Macquarie cut Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target on the stock. in a research report on Wednesday, September 5th. They noted that the move was a valuation call. KeyCorp upped their price target on Vail Resorts from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, October 1st. ValuEngine cut Vail Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Berenberg Bank upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research report on Monday, October 29th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $293.11.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Friday, September 28th. The company reported ($2.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.26) by $0.19. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The company had revenue of $211.60 million during the quarter, compared to analyst estimates of $211.60 million. During the same quarter in the previous year, the firm earned ($1.43) earnings per share. Vail Resorts’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that Vail Resorts, Inc. will post 7.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Tuesday, October 9th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, October 5th. Vail Resorts’s payout ratio is 93.48%.
In other news, Director Peter A. Vaughn sold 400 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kirsten A. Lynch sold 9,078 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The stock was 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 of the company’s stock, valued at approximately $9,112,661.46. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
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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 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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