SG Americas Securities LLC lifted its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 990.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,156 shares of the company's stock after acquiring an additional 13,766 shares during the period. SG Americas Securities LLC's holdings in Vail Resorts were worth $2,425,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after buying an additional 116 shares during the period. Procyon Advisors LLC raised its holdings in Vail Resorts by 46.2% during the 1st quarter. Procyon Advisors LLC now owns 2,340 shares of the company's stock worth $374,000 after buying an additional 739 shares during the period. Sendero Wealth Management LLC acquired a new stake in Vail Resorts during the 1st quarter worth approximately $326,000. Aurora Investment Managers LLC. raised its holdings in Vail Resorts by 1.1% during the 1st quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock worth $1,522,000 after buying an additional 104 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Vail Resorts during the 4th quarter worth approximately $224,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research note on Wednesday, May 28th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. UBS Group decreased their price target on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Barclays reaffirmed an "underweight" rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $187.20.
Get Our Latest Research Report on Vail Resorts
Vail Resorts Price Performance
MTN stock traded down $2.24 during midday trading on Friday, reaching $151.37. The company had a trading volume of 831,933 shares, compared to its average volume of 581,516. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The stock has a 50 day moving average price of $146.37 and a 200-day moving average price of $162.54. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.
Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.54 earnings per share. Equities research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.
Vail Resorts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.87%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is currently 113.55%.
About Vail Resorts
(
Free Report)
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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