MARSHALL WACE ASIA Ltd boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 67.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,428 shares of the company’s stock after acquiring an additional 104,077 shares during the period. Vail Resorts comprises 1.7% of MARSHALL WACE ASIA Ltd’s investment portfolio, making the stock its 29th biggest holding. MARSHALL WACE ASIA Ltd’s holdings in Vail Resorts were worth $55,940,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTN. Pinnacle Financial Partners Inc. purchased a new stake in shares of Vail Resorts during the 1st quarter worth approximately $28,000. Westside Investment Management Inc. raised its position in Vail Resorts by 700.0% in the 4th quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock valued at $42,000 after purchasing an additional 175 shares during the last quarter. Oakworth Capital Inc. raised its position in Vail Resorts by 100.0% in the 4th quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. Private Ocean LLC purchased a new stake in Vail Resorts in the 1st quarter valued at $43,000. Finally, Quadrant Capital Group LLC purchased a new stake in Vail Resorts in the 1st quarter valued at $46,000. Institutional investors own 98.06% of the company’s stock.
MTN stock traded up $0.96 on Friday, hitting $234.00. The company’s stock had a trading volume of 3,598 shares, compared to its average volume of 358,029. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth ratio of 2.25 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.76 and a quick ratio of 0.62. Vail Resorts, Inc. has a 1 year low of $179.60 and a 1 year high of $302.76.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 26th will be given a dividend of $1.76 per share. The ex-dividend date is Tuesday, June 25th. This represents a $7.04 dividend on an annualized basis and a yield of 3.01%. Vail Resorts’s payout ratio is currently 111.92%.
In other news, insider Patricia A. Campbell sold 6,431 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $235.53, for a total transaction of $1,514,693.43. Following the transaction, the insider now directly owns 33,729 shares of the company’s stock, valued at approximately $7,944,191.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Robert A. Katz sold 64,913 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $231.95, for a total transaction of $15,056,570.35. Following the transaction, the chairman now directly owns 425,729 shares in the company, valued at $98,747,841.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,344 shares of company stock valued at $16,787,734. 2.90% of the stock is owned by insiders.
MTN has been the subject of several research reports. KeyCorp upped their price target on shares of Vail Resorts from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. 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. Zacks Investment Research upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Macquarie downgraded shares of Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 price target for the company. in a research report on Thursday, April 4th. Finally, Jefferies Financial Group initiated coverage on shares of Vail Resorts in a research report on Monday, April 22nd. They issued a “hold” rating and a $233.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $244.96.
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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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