Victory Capital Management Inc. increased its position in shares of Vail Resorts, Inc. (NYSE:MTN – Get Rating) by 70.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,354 shares of the company’s stock after acquiring an additional 9,228 shares during the period. Victory Capital Management Inc. owned about 0.06% of Vail Resorts worth $5,864,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Spire Wealth Management boosted its position in shares of Vail Resorts by 110.1% during the 4th quarter. Spire Wealth Management now owns 229 shares of the company’s stock worth $55,000 after acquiring an additional 120 shares in the last quarter. Guardian Wealth Advisors LLC acquired a new stake in Vail Resorts in the third quarter valued at approximately $67,000. Covestor Ltd boosted its position in Vail Resorts by 700.0% in the first quarter. Covestor Ltd now owns 280 shares of the company’s stock valued at $73,000 after buying an additional 245 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $86,000. Finally, Richard W. Paul & Associates LLC acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $101,000. Institutional investors and hedge funds own 94.12% of the company’s stock.
Analyst Upgrades and Downgrades
MTN has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of Vail Resorts from $261.00 to $238.00 in a research note on Friday, March 10th. Bank of America lowered their target price on shares of Vail Resorts from $275.00 to $250.00 in a research note on Friday, March 10th. StockNews.com assumed coverage on shares of Vail Resorts in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Jefferies Financial Group lifted their price target on shares of Vail Resorts from $232.00 to $245.00 in a research note on Thursday, March 30th. Finally, TheStreet raised shares of Vail Resorts from a “c+” rating to a “b-” rating in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $261.11.
Vail Resorts Stock Performance
Vail Resorts (NYSE:MTN – Get Rating) last posted its earnings results on Monday, March 13th. The company reported $5.16 earnings per share for the quarter, missing analysts’ consensus estimates of $6.19 by ($1.03). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. Vail Resorts had a return on equity of 18.53% and a net margin of 11.88%. The business’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the company posted $5.47 EPS. Sell-side analysts predict that Vail Resorts, Inc. will post 7.63 earnings per share for the current year.
Vail Resorts Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Monday, March 27th were paid a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Friday, March 24th. This is a boost from Vail Resorts’s previous quarterly dividend of $1.91. Vail Resorts’s payout ratio is currently 100.24%.
Vail Resorts Profile
Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.
Read More
- Get a free copy of the StockNews.com research report on Vail Resorts (MTN)
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