Stevens Capital Management LP acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 1st quarter, HoldingsChannel reports. The fund acquired 3,748 shares of the company’s stock, valued at approximately $814,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTN. Pinnacle Financial Partners Inc. acquired a new stake in Vail Resorts during the first quarter valued at approximately $28,000. Highwater Wealth Management LLC acquired a new stake in Vail Resorts during the fourth quarter valued at approximately $32,000. Exane Derivatives raised its stake in Vail Resorts by 3,080.0% during the fourth quarter. Exane Derivatives now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 154 shares in the last quarter. Westside Investment Management Inc. raised its stake in Vail Resorts by 700.0% during the fourth quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock valued at $42,000 after buying an additional 175 shares in the last quarter. Finally, Oakworth Capital Inc. raised its stake in Vail Resorts by 100.0% during the fourth quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock valued at $42,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 96.70% of the company’s stock.
In other news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $216.47, for a total transaction of $216,470.00. Following the completion of the transaction, the director now directly owns 8,372 shares of the company’s stock, valued at $1,812,286.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David T. Shapiro sold 5,312 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $213.51, for a total value of $1,134,165.12. Following the transaction, the executive vice president now directly owns 4,573 shares of the company’s stock, valued at $976,381.23. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
NYSE:MTN opened at $219.79 on Thursday. The company has a market cap of $8.84 billion, a PE ratio of 34.94, a P/E/G ratio of 2.09 and a beta of 0.66. Vail Resorts, Inc. has a 52 week low of $179.60 and a 52 week high of $302.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.55 and a quick ratio of 0.41.
Vail Resorts (NYSE:MTN) last posted its earnings results on Friday, March 8th. The company reported $5.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.79 by $0.23. The company had revenue of $849.60 million during the quarter, compared to analyst estimates of $841.76 million. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.12 earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post 6.98 EPS for the current year.
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Vail Resorts 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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