Insider Selling: Vail Resorts, Inc. (NYSE:MTN) CMO Sells 5,834 Shares of Stock

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.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 8th will be issued a $1.76 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.08%. Vail Resorts’s dividend payout ratio (DPR) is 93.25%.

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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Insider Buying and Selling by Quarter for Vail Resorts (NYSE:MTN)

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