Bamco Inc. NY increased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,142,928 shares of the company’s stock after buying an additional 6,746 shares during the quarter. Vail Resorts comprises approximately 5.6% of Bamco Inc. NY’s portfolio, making the stock its biggest position. Bamco Inc. NY owned about 12.85% of Vail Resorts worth $1,173,205,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MTN. Cubist Systematic Strategies LLC grew its stake in shares of Vail Resorts by 476.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 8,500 shares of the company’s stock valued at $1,939,000 after purchasing an additional 7,026 shares during the period. Janus Henderson Group PLC grew its stake in shares of Vail Resorts by 37.7% during the 3rd quarter. Janus Henderson Group PLC now owns 162,734 shares of the company’s stock valued at $37,123,000 after purchasing an additional 44,588 shares during the period. Vident Investment Advisory LLC grew its stake in shares of Vail Resorts by 193.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 4,941 shares of the company’s stock valued at $1,127,000 after purchasing an additional 3,255 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Vail Resorts by 38,628.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,711 shares of the company’s stock valued at $618,000 after purchasing an additional 2,704 shares during the period. Finally, HWG Holdings LP grew its stake in shares of Vail Resorts by 259.2% during the 3rd quarter. HWG Holdings LP now owns 13,377 shares of the company’s stock valued at $3,052,000 after purchasing an additional 9,653 shares during the period. Institutional investors own 94.52% of the company’s stock.
A number of equities research analysts have issued reports on MTN shares. Zacks Investment Research downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. KeyCorp restated an “overweight” rating and set a $250.00 price target on shares of Vail Resorts in a research note on Wednesday, August 30th. Stifel Nicolaus restated a “hold” rating and set a $229.00 price target on shares of Vail Resorts in a research note on Thursday, September 7th. Barclays boosted their price target on Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, September 29th. Finally, Janney Montgomery Scott restated a “buy” rating and set a $260.00 price target (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $250.63.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.10). The company had revenue of $220.90 million for the quarter, compared to the consensus estimate of $198.95 million. Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.70) earnings per share. research analysts predict that Vail Resorts, Inc. will post 6.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be paid a dividend of $1.053 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.87%. Vail Resorts’s dividend payout ratio (DPR) is presently 71.48%.
In related news, Chairman Robert A. Katz sold 55,976 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the completion of the transaction, the chairman now directly owns 496,166 shares in the company, valued at approximately $109,325,216.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael Z. Barkin sold 7,953 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is currently owned by corporate insiders.
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Vail Resorts Company Profile
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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