Segall Bryant & Hamill LLC cut its holdings in Vail Resorts, Inc. (NYSE:MTN) by 82.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,282 shares of the company’s stock after selling 5,965 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Vail Resorts were worth $270,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its stake in Vail Resorts by 177.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 388,804 shares of the company’s stock worth $81,968,000 after purchasing an additional 248,474 shares in the last quarter. Marshall Wace LLP lifted its stake in Vail Resorts by 131.8% during the 3rd quarter. Marshall Wace LLP now owns 309,247 shares of the company’s stock valued at $84,864,000 after acquiring an additional 175,845 shares during the period. Morgan Stanley lifted its stake in Vail Resorts by 151.5% during the 3rd quarter. Morgan Stanley now owns 238,162 shares of the company’s stock valued at $65,355,000 after acquiring an additional 143,471 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of Vail Resorts by 44.7% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 454,399 shares of the company’s stock valued at $95,796,000 after purchasing an additional 140,396 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Vail Resorts by 5.3% during the 4th quarter. BlackRock Inc. now owns 2,354,160 shares of the company’s stock valued at $496,306,000 after purchasing an additional 117,827 shares during the last quarter. 99.19% of the stock is currently owned by hedge funds and other institutional investors.
MTN has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Vail Resorts from $215.00 to $219.00 and gave the company a “hold” rating in a research report on Monday, March 11th. Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating in a research report on Friday, January 11th. Deutsche Bank cut their price objective on shares of Vail Resorts from $294.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 14th. Jefferies Financial Group started coverage on shares of Vail Resorts in a report on Monday. They set a “hold” rating and a $233.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $262.74.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $0.23. The company had revenue of $849.60 million during the quarter, compared to the consensus estimate of $841.76 million. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. Vail Resorts’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $4.12 earnings per share. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Wednesday, March 27th were given a $1.76 dividend. The ex-dividend date was Tuesday, March 26th. This is an increase from Vail Resorts’s previous quarterly dividend of $1.47. This represents a $7.04 dividend on an annualized basis and a yield of 3.26%. Vail Resorts’s dividend payout ratio (DPR) is currently 111.92%.
In other news, EVP David T. Shapiro sold 5,312 shares of Vail Resorts stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the completion of the sale, the executive vice president now directly owns 4,573 shares in the company, valued at $976,381.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction on Monday, March 18th. The stock was sold at an average price of $216.47, for a total value of $216,470.00. Following the sale, the director now owns 8,372 shares of the company’s stock, valued at $1,812,286.84. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
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Vail Resorts Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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