Vail Resorts, Inc. (MTN) Shares Sold by Xact Kapitalforvaltning AB
Xact Kapitalforvaltning AB reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,055 shares of the company’s stock after selling 290 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Vail Resorts were worth $1,387,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MTN. Oakbrook Investments LLC lifted its holdings in shares of Vail Resorts by 106.4% during the third quarter. Oakbrook Investments LLC now owns 2,522 shares of the company’s stock worth $692,000 after purchasing an additional 1,300 shares during the period. Aperio Group LLC lifted its holdings in shares of Vail Resorts by 3.6% during the third quarter. Aperio Group LLC now owns 10,073 shares of the company’s stock worth $2,764,000 after purchasing an additional 350 shares during the period. BB&T Corp acquired a new stake in shares of Vail Resorts during the third quarter worth $231,000. Nisa Investment Advisors LLC lifted its holdings in shares of Vail Resorts by 628.3% during the third quarter. Nisa Investment Advisors LLC now owns 8,739 shares of the company’s stock worth $2,398,000 after purchasing an additional 7,539 shares during the period. Finally, Andra AP fonden lifted its holdings in shares of Vail Resorts by 28.3% during the third quarter. Andra AP fonden now owns 18,600 shares of the company’s stock worth $5,104,000 after purchasing an additional 4,100 shares during the period. 95.80% of the stock is owned by institutional investors and hedge funds.
MTN has been the subject of several recent research reports. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a report on Friday, July 13th. Macquarie downgraded Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target for the company. in a report on Wednesday, September 5th. They noted that the move was a valuation call. ValuEngine downgraded Vail Resorts from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Finally, KeyCorp increased their price target on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, October 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $293.11.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Friday, September 28th. The company reported ($2.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.26) by $0.19. The firm had revenue of $211.60 million during the quarter, compared to analysts’ expectations of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. Vail Resorts’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.43) earnings per share. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Tuesday, October 9th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, October 5th. Vail Resorts’s payout ratio is 93.48%.
In other Vail Resorts news, EVP Kirsten A. Lynch sold 9,078 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total value of $2,388,058.68. Following the completion of the transaction, the executive vice president now owns 34,641 shares in the company, valued at $9,112,661.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter A. Vaughn sold 400 shares of the stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $254.59, for a total value of $101,836.00. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
Vail Resorts Company 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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