Calamos Advisors LLC bought a new position in Vail Resorts, Inc. (NYSE:MTN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,910 shares of the company’s stock, valued at approximately $662,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Paloma Partners Management Co raised its holdings in shares of Vail Resorts by 135.5% in the 2nd quarter. Paloma Partners Management Co now owns 12,261 shares of the company’s stock worth $2,736,000 after buying an additional 7,055 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Vail Resorts by 2,585.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 42,221 shares of the company’s stock worth $9,423,000 after buying an additional 40,649 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Vail Resorts by 121.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 20,658 shares of the company’s stock worth $4,604,000 after buying an additional 11,317 shares in the last quarter. Dumont & Blake Investment Advisors LLC acquired a new position in shares of Vail Resorts in the 2nd quarter worth approximately $558,000. Finally, CENTRAL TRUST Co increased its holdings in Vail Resorts by 23,537.5% during the 2nd quarter. CENTRAL TRUST Co now owns 3,782 shares of the company’s stock valued at $862,000 after purchasing an additional 3,766 shares in the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.
MTN has been the subject of a number of recent analyst reports. Wells Fargo & Co raised their price target on Vail Resorts from $230.00 to $235.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. They noted that the move was a valuation call. Barclays raised their price target on Vail Resorts from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Jefferies Financial Group set a $263.00 price target on Vail Resorts and gave the company a “hold” rating in a report on Friday, September 27th. KeyCorp raised their price target on Vail Resorts from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, SunTrust Banks raised their price target on Vail Resorts from $247.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $247.26.
Vail Resorts (NYSE:MTN) last released 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. The firm had revenue of $244.01 million during the quarter, compared to analysts’ expectations of $239.91 million. Vail Resorts had a return on equity of 18.13% and a net margin of 13.26%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the firm posted ($2.07) EPS. On average, equities analysts expect that Vail Resorts, Inc. will post 7.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 8th will be given 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 yield of 3.02%. Vail Resorts’s payout ratio is 93.25%.
In other Vail Resorts news, CFO Michael Z. Barkin sold 1,394 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $230.88, for a total value of $321,846.72. Following the transaction, the chief financial officer now directly owns 14,980 shares in the company, valued at approximately $3,458,582.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ryan H. Siurek sold 898 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $235.83, for a total value of $211,775.34. Following the completion of the transaction, the chief accounting officer now owns 1,069 shares in the company, valued at $252,102.27. The disclosure for this sale can be found here. Insiders sold a total of 13,641 shares of company stock worth $3,120,591 over the last quarter. Corporate insiders own 2.90% of the company’s stock.
About Vail Resorts
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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