Quantitative Systematic Strategies LLC Buys New Position in Vail Resorts, Inc. (MTN)

Quantitative Systematic Strategies LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 4th quarter, Holdings Channel reports. The firm bought 1,679 shares of the company’s stock, valued at approximately $357,000.

A number of other large investors have also recently made changes to their positions in MTN. Jennison Associates LLC raised its stake in Vail Resorts by 62.6% during the 4th quarter. Jennison Associates LLC now owns 608,496 shares of the company’s stock valued at $129,287,000 after purchasing an additional 234,198 shares during the period. State Street Corp raised its stake in Vail Resorts by 40.2% during the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after purchasing an additional 206,079 shares during the period. JPMorgan Chase & Co. raised its stake in Vail Resorts by 24.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock valued at $114,902,000 after purchasing an additional 101,554 shares during the period. Janus Henderson Group PLC raised its stake in Vail Resorts by 403.5% during the 2nd quarter. Janus Henderson Group PLC now owns 118,146 shares of the company’s stock valued at $23,963,000 after purchasing an additional 94,680 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Vail Resorts by 2,071.4% during the 2nd quarter. Renaissance Technologies LLC now owns 60,800 shares of the company’s stock valued at $12,332,000 after purchasing an additional 58,000 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Shares of Vail Resorts, Inc. (MTN) opened at $214.25 on Thursday. The stock has a market cap of $8,563.86, a price-to-earnings ratio of 42.05 and a beta of 0.49. Vail Resorts, Inc. has a fifty-two week low of $176.02 and a fifty-two week high of $237.77. The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.

Vail Resorts (NYSE:MTN) last issued 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 business had revenue of $220.90 million during the quarter, compared to the consensus estimate of $198.95 million. Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.70) earnings per share. analysts anticipate that Vail Resorts, Inc. will post 6.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th were issued a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Tuesday, December 26th. Vail Resorts’s dividend payout ratio is presently 71.48%.

In other Vail Resorts news, Director Michele Romanow acquired 225 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average cost of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.30% of the company’s stock.

Several equities analysts have recently commented on the stock. Deutsche Bank restated a “buy” rating and set a $265.00 price target on shares of Vail Resorts in a report on Thursday, February 1st. MKM Partners lowered their price target on shares of Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Stifel Nicolaus boosted their price target on shares of Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a report on Friday, December 8th. Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Bank of America boosted their price target on shares of Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Vail Resorts currently has a consensus rating of “Buy” and a consensus target price of $250.67.

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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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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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