Vail Resorts, Inc. (NYSE:MTN) CMO Kirsten A. Lynch sold 5,834 shares of Vail Resorts stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $228.62, for a total value of $1,333,769.08. Following the sale, the chief marketing officer now owns 17,060 shares in the company, valued at $3,900,257.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE MTN traded up $0.94 during trading on Tuesday, reaching $228.50. The stock had a trading volume of 298,113 shares, compared to its average volume of 371,978. Vail Resorts, Inc. has a one year low of $179.60 and a one year high of $286.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.60 and a current ratio of 0.73. The stock has a market cap of $9.53 billion, a PE ratio of 30.26, a P/E/G ratio of 2.00 and a beta of 0.68. The firm’s 50 day moving average price is $237.19 and its two-hundred day moving average price is $227.65.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($2.22) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.58) by $0.36. Vail Resorts had a return on equity of 18.13% and a net margin of 13.26%. The business had revenue of $244.01 million during the quarter, compared to the consensus estimate of $239.91 million. During the same period in the previous year, the business earned ($2.07) EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. On average, research analysts expect that Vail Resorts, Inc. will post 7.91 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of MTN. Principal Financial Group Inc. increased its holdings in shares of Vail Resorts by 51.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,563,580 shares of the company’s stock valued at $339,766,000 after acquiring an additional 530,235 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Vail Resorts during the 2nd quarter valued at approximately $67,662,000. Nuveen Asset Management LLC acquired a new position in Vail Resorts during the 2nd quarter valued at approximately $56,153,000. Morgan Stanley boosted its position in Vail Resorts by 254.6% during the 2nd quarter. Morgan Stanley now owns 336,975 shares of the company’s stock valued at $75,205,000 after purchasing an additional 241,936 shares during the period. Finally, Clearbridge Investments LLC acquired a new position in Vail Resorts during the 1st quarter valued at approximately $48,145,000. Institutional investors and hedge funds own 95.25% of the company’s stock.
Several equities research analysts have issued reports on MTN shares. Deutsche Bank lifted their price objective on Vail Resorts from $261.00 to $281.00 and gave the stock a “buy” rating in a report on Friday. William Blair restated an “outperform” rating on shares of Vail Resorts in a report on Friday, June 7th. Stifel Nicolaus lifted their price objective on Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, June 7th. KeyCorp lifted their price objective on Vail Resorts from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday. Finally, ValuEngine downgraded Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $244.96.
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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