KLP Kapitalforvaltning AS Increases Holdings in Vail Resorts, Inc. $MTN

KLP Kapitalforvaltning AS increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 34.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,200 shares of the company's stock after purchasing an additional 2,900 shares during the period. KLP Kapitalforvaltning AS's holdings in Vail Resorts were worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MTN. Sendero Wealth Management LLC boosted its position in Vail Resorts by 39.1% in the 2nd quarter. Sendero Wealth Management LLC now owns 2,830 shares of the company's stock valued at $445,000 after buying an additional 795 shares during the last quarter. 111 Capital boosted its position in Vail Resorts by 116.3% in the 2nd quarter. 111 Capital now owns 6,172 shares of the company's stock valued at $970,000 after buying an additional 3,319 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Vail Resorts by 11.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,976 shares of the company's stock valued at $5,339,000 after buying an additional 3,447 shares during the last quarter. PFG Investments LLC purchased a new position in Vail Resorts in the 2nd quarter valued at about $208,000. Finally, Uncommon Cents Investing LLC boosted its position in Vail Resorts by 79.3% in the 2nd quarter. Uncommon Cents Investing LLC now owns 14,275 shares of the company's stock valued at $2,243,000 after buying an additional 6,315 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of the company's stock in a transaction that occurred on Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the purchase, the chief financial officer directly owned 4,905 shares in the company, valued at $760,275. The trade was a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MTN. Bank of America decreased their price objective on shares of Vail Resorts from $175.00 to $165.00 and set a "neutral" rating for the company in a research report on Tuesday, September 30th. Stifel Nicolaus reissued a "buy" rating and issued a $175.00 price objective (down from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Morgan Stanley reduced their price target on shares of Vail Resorts from $155.00 to $146.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 1st. Wall Street Zen cut shares of Vail Resorts from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Finally, Mizuho reduced their price target on shares of Vail Resorts from $216.00 to $195.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $174.90.

Vail Resorts Price Performance

MTN opened at $148.92 on Monday. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.47 and a beta of 0.86. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company's 50-day moving average price is $152.79 and its 200 day moving average price is $152.06. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 3.44.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The business had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.Vail Resorts's revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned ($4.67) EPS. As a group, sell-side analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be paid a dividend of $2.22 per share. The ex-dividend date is Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 6.0%. Vail Resorts's dividend payout ratio is 119.84%.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.

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