Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in Vail Resorts, Inc. (NYSE:MTNFree Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,067 shares of the company’s stock after purchasing an additional 632 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vail Resorts were worth $3,216,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Vail Resorts in the 4th quarter worth approximately $85,704,000. Nordea Investment Management AB increased its stake in shares of Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after acquiring an additional 400,941 shares during the period. APG Asset Management US Inc. purchased a new position in shares of Vail Resorts during the fourth quarter worth $37,684,000. Ceredex Value Advisors LLC purchased a new position in shares of Vail Resorts during the fourth quarter worth $35,645,000. Finally, London Co. of Virginia acquired a new position in Vail Resorts during the third quarter valued at $32,280,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MTN shares. Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Stifel Nicolaus reduced their price target on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research report on Friday. Barclays lowered their price objective on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and cut their target price for the company from $217.00 to $176.00 in a report on Friday. Finally, Mizuho lowered their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Vail Resorts presently has an average rating of “Hold” and a consensus price target of $232.56.

Check Out Our Latest Analysis on Vail Resorts

Vail Resorts Stock Performance

NYSE:MTN opened at $173.91 on Friday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. The stock has a market capitalization of $6.60 billion, a PE ratio of 23.66, a P/E/G ratio of 2.13 and a beta of 1.14. Vail Resorts, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $258.13. The company has a fifty day moving average of $205.22 and a two-hundred day moving average of $216.36.

Vail Resorts (NYSE:MTNGet Free Report) last released its earnings results on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a return on equity of 24.36% and a net margin of 9.59%. As a group, research analysts forecast that Vail Resorts, Inc. will post 7.54 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th will be issued a dividend of $2.22 per share. The ex-dividend date is Tuesday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.11%. Vail Resorts’s payout ratio is currently 120.82%.

Vail Resorts Profile

(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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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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