Traders Purchase High Volume of Vail Resorts Call Options (NYSE:MTN)

Vail Resorts, Inc. (NYSE:MTN) was the recipient of unusually large options trading on Monday. Traders bought 1,468 call options on the stock. This is an increase of approximately 1,531% compared to the typical daily volume of 90 call options.

In related news, EVP James C. O’donnell sold 4,515 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $227.65, for a total transaction of $1,027,839.75. Following the completion of the transaction, the executive vice president now directly owns 7,861 shares in the company, valued at approximately $1,789,556.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Kirsten A. Lynch sold 5,834 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $228.62, for a total value of $1,333,769.08. Following the transaction, the chief marketing officer now owns 17,060 shares of the company’s stock, valued at $3,900,257.20. The disclosure for this sale can be found here. Insiders sold 13,641 shares of company stock worth $3,120,591 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MTN. Princeton Global Asset Management LLC lifted its position in Vail Resorts by 13.9% during the third quarter. Princeton Global Asset Management LLC now owns 4,708 shares of the company’s stock valued at $1,076,000 after purchasing an additional 573 shares during the last quarter. Sandler Capital Management raised its position in shares of Vail Resorts by 50.4% during the 3rd quarter. Sandler Capital Management now owns 104,829 shares of the company’s stock valued at $23,855,000 after buying an additional 35,120 shares in the last quarter. Select Equity Group L.P. raised its position in shares of Vail Resorts by 11.0% during the 3rd quarter. Select Equity Group L.P. now owns 301,040 shares of the company’s stock valued at $68,505,000 after buying an additional 29,767 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Vail Resorts in the 3rd quarter valued at about $15,117,000. Finally, Granahan Investment Management Inc. MA lifted its holdings in shares of Vail Resorts by 57.5% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 7,107 shares of the company’s stock valued at $1,617,000 after acquiring an additional 2,595 shares during the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.

MTN has been the topic of several analyst reports. Wells Fargo & Co lifted their price target on shares of 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. KeyCorp increased their price objective on shares of Vail Resorts from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Jefferies Financial Group set a $263.00 price objective on shares of Vail Resorts and gave the company a “hold” rating in a research report on Friday, September 27th. Bank of America lifted their target price on shares of Vail Resorts from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Finally, Barclays lifted their target price on shares of Vail Resorts from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $247.26.

Shares of MTN opened at $230.83 on Tuesday. The business’s 50 day moving average is $237.68 and its 200 day moving average is $233.42. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 0.88. Vail Resorts has a 12-month low of $179.60 and a 12-month high of $249.67. The company has a market capitalization of $9.38 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.96 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, December 9th. The company reported ($2.64) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.99) by $0.35. Vail Resorts had a return on equity of 18.13% and a net margin of 13.26%. The business had revenue of $267.80 million during the quarter, compared to the consensus estimate of $251.65 million. During the same period in the prior year, the company posted ($2.66) EPS. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts predict that Vail Resorts will post 7.94 earnings per share for the current year.

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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