Redpoint Investment Management Pty Ltd has increased its stake in Vail Resorts, Inc. (NYSE: MTN – Get Rating) with 46.8% in the 1st quarter, according to HoldingsChannel. The fund owned 1,174 shares of the company’s shares after acquiring an additional 374 shares during the period. Redpoint Investment Management Pty Ltd owns $ 306,000 at the end of the last reporting period.
Several other institutional investors also recently bought and sold shares in the company. Accretive Wealth Partners LLC increased its stake in Vail Resorts by 1.0% in the fourth quarter. Accretive Wealth Partners LLC already owns 4,226 shares of the company’s stock worth $ 1,386,000 after purchasing an additional 40 shares in the last quarter. Westpac Banking Corp. increased its stake in Vail Resorts by 1.3% in the fourth quarter. Westpac Banking Corp. already owns 3,307 shares of the company’s shares worth $ 1,084,000 after purchasing an additional 41 shares in the last quarter. Gilbert & Cook Inc. increased its stake in Vail Resorts by 5.3% in the 4th quarter. Gilbert & Cook Inc. already owns 913 shares of the company’s stock worth $ 299,000 after buying an additional 46 shares in the last quarter. Condor Capital Management increased its stake in Vail Resorts by 1.3% in the 4th quarter. Condor Capital Management now owns 3,946 shares of the company’s shares worth $ 1,294,000 after buying an additional 52 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in Vail Resorts by 0.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 12,770 shares of the company’s shares worth $ 4,187,000 after buying an additional 67 shares in the last quarter.
Several research analysts recently commented on MTN’s shares. KeyCorp lowered its target for Vail Resorts stock prices from $ 370.00 to $ 330.00 and rated its overweight stock in a research note on Tuesday, March 15th. Deutsche Bank Aktiengesellschaft lowered its target price for shares of Vail Resorts from $ 302.00 to $ 301.00 in a research note on Friday, June 10. Stifel Nicolaus raised its target price for Vail Resorts from $ 262.00 to $ 274.00 and gave the company a “hold” rating in a research note on Wednesday, March 23. StockNews.com took cover of Vail Resorts shares in a research note on Thursday, March 31st. They issued a “hold” rating on the shares. Finally, Credit Suisse Group raised its target price for Vail Resorts shares from $ 379.00 to $ 383.00 and gave the shares a “superior” rating in a research report on Friday, June 10. Six research analysts rated the shares with a retention rating, and two issued a rating to buy the company. According to MarketBeat, the company has a consensus hold rating and an average target price of $ 313.83.
NYSE: MTN opened at $ 232.34 on Friday. The company has a 50-day moving average of $ 244.36 and a 200-day moving average of $ 267.74. The company has a market capitalization of $ 9.35 billion, a price-to-earnings ratio of $ 30.17 and a beta of $ 1.19. Vail Resorts, Inc. has a 52-week low of $ 218.37 and a 52-week high of $ 376.24. The company has a debt-to-equity ratio of 1.30, a fast ratio of 2.11 and a current ratio of 2.22.
Vail Resorts (NYSE: MTN – Get Rating) last released its quarterly earnings data on Thursday, June 9th. The company reported EPS of $ 9.16 for the quarter, beating analysts’ consensus estimates of $ 9.06 by $ 0.10. The company had revenue of $ 1.18 billion in the quarter, compared to the consensus estimate of $ 1.16 billion. Vail Resorts has a net margin of 12.82% and a return on equity of 17.18%. The company’s revenue for the quarter increased by 32.3% compared to the same quarter last year. During the same period last year, the company earned $ 6.71 EPS. Sales analysts predict that Vail Resorts, Inc. will report 8.4 EPS for the current year.
The company also recently announced a three-month dividend, which will be paid on Tuesday, July 12. The record investors on Monday, June 27, will receive a dividend of $ 1.91 per share. This represents a $ 7.64 annual dividend and a yield of 3.29%. The date of the former dividend of this dividend is Friday, June 24. Vail Resorts’ dividend payout ratio is currently 99.22%.
About Vail Resorts (Get a rating)
Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. He works in three segments: mountain, accommodation and real estate. The mountain segment manages 37 mountain resort destinations and regional ski areas. This segment is also involved in ancillary activities, including ski school, catering and retail / rental, as well as real estate brokerage.
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