1,013 Shares in Vail Resorts, Inc. (NYSE:MTN) Acquired by Laurion Capital Management LP
Laurion Capital Management LP bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,013 shares of the company’s stock, valued at approximately $278,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. IBM Retirement Fund purchased a new position in shares of Vail Resorts in the 2nd quarter worth about $208,000. Baird Financial Group Inc. grew its stake in shares of Vail Resorts by 26.1% in the second quarter. Baird Financial Group Inc. now owns 224,200 shares of the company’s stock valued at $61,473,000 after buying an additional 46,388 shares in the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Vail Resorts in the second quarter valued at about $1,633,000. Sandhill Capital Partners LLC grew its stake in shares of Vail Resorts by 0.9% in the second quarter. Sandhill Capital Partners LLC now owns 89,868 shares of the company’s stock valued at $24,641,000 after buying an additional 829 shares in the last quarter. Finally, Korea Investment CORP grew its stake in shares of Vail Resorts by 13.5% in the second quarter. Korea Investment CORP now owns 99,000 shares of the company’s stock valued at $27,145,000 after buying an additional 11,800 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on MTN. Berenberg Bank began coverage on Vail Resorts in a research note on Wednesday, June 20th. They set a “hold” rating and a $300.00 price objective for the company. KeyCorp lifted their target price on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 1st. ValuEngine lowered Vail Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 price target on the stock in a report on Friday, July 13th. Finally, Macquarie downgraded Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target on the stock. in a report on Wednesday, September 5th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $293.11.
Shares of MTN traded up $6.24 during midday trading on Friday, reaching $245.85. The stock had a trading volume of 837,206 shares, compared to its average volume of 370,106. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 1.04. The company has a market capitalization of $11.07 billion, a PE ratio of 39.09 and a beta of 0.40. Vail Resorts, Inc. has a 52 week low of $200.68 and a 52 week high of $302.76.
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, beating analysts’ consensus estimates of ($2.26) by $0.19. Vail Resorts had a return on equity of 14.39% and a net margin of 18.89%. The firm had revenue of $211.60 million during the quarter, compared to analysts’ expectations of $211.60 million. During the same quarter last year, the firm earned ($1.43) earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that Vail Resorts, Inc. will post 8.05 EPS for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Friday, October 5th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 2.39%. Vail Resorts’s dividend payout ratio is currently 93.48%.
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, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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