UBS Group AG reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 42.4% during the third quarter, Holdings Channel reports. The institutional investor owned 26,841 shares of the company’s stock after selling 19,724 shares during the period. UBS Group AG owned approximately 0.07% of Vail Resorts worth $4,211,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of MTN. Eagle Asset Management Inc. raised its stake in Vail Resorts by 13.1% in the third quarter. Eagle Asset Management Inc. now owns 393,956 shares of the company’s stock worth $61,803,000 after buying an additional 45,670 shares in the last quarter. Northern Trust Corp raised its stake in Vail Resorts by 3.0% in the third quarter. Northern Trust Corp now owns 371,784 shares of the company’s stock worth $58,326,000 after buying an additional 10,715 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Vail Resorts by 95.6% in the third quarter. JPMorgan Chase & Co. now owns 352,010 shares of the company’s stock worth $55,224,000 after buying an additional 172,059 shares in the last quarter. BlackRock Fund Advisors raised its stake in Vail Resorts by 2.2% in the third quarter. BlackRock Fund Advisors now owns 350,253 shares of the company’s stock worth $54,948,000 after buying an additional 7,558 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in Vail Resorts by 0.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 318,717 shares of the company’s stock worth $50,000,000 after buying an additional 2,292 shares in the last quarter. 91.46% of the stock is currently owned by institutional investors.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded down 0.30% on Friday, hitting $177.91. The company’s stock had a trading volume of 438,725 shares. The company has a 50 day moving average of $167.33 and a 200 day moving average of $159.65. The firm has a market cap of $7.12 billion, a PE ratio of 45.43 and a beta of 0.47. Vail Resorts, Inc. has a 1-year low of $120.99 and a 1-year high of $179.04.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Friday, December 9th. The company reported ($1.70) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.57) by $0.13. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The business earned $178.30 million during the quarter, compared to analyst estimates of $183.73 million. During the same quarter last year, the firm posted ($1.63) EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Vail Resorts, Inc. will post $5.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Wednesday, December 28th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, December 23rd. Vail Resorts’s dividend payout ratio (DPR) is 83.72%.
A number of equities research analysts have issued reports on MTN shares. MKM Partners reaffirmed a “buy” rating and issued a $180.00 price target on shares of Vail Resorts in a research report on Friday, December 9th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $188.00 price target (up previously from $170.00) on shares of Vail Resorts in a research report on Monday, December 12th. Wells Fargo & Company raised Vail Resorts from a “market perform” rating to an “outperform” rating and set a $172.50 target price on the stock in a research report on Thursday, October 20th. Finally, Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, December 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $163.76.
In related news, Director John Redmond sold 7,500 shares of the business’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $161.51, for a total value of $1,211,325.00. Following the transaction, the director now owns 14,890 shares in the company, valued at $2,404,883.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.60% 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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