Advisory Research Inc. lowered its position in Vail Resorts, Inc. (NYSE:MTN) by 63.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,291 shares of the company’s stock after selling 2,256 shares during the period. Advisory Research Inc.’s holdings in Vail Resorts were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MTN. CI Investments Inc. purchased a new stake in Vail Resorts in the fourth quarter valued at approximately $52,884,000. Jennison Associates LLC boosted its position in Vail Resorts by 62.6% in the fourth quarter. Jennison Associates LLC now owns 608,496 shares of the company’s stock valued at $129,287,000 after buying an additional 234,198 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Vail Resorts by 24.4% in the third quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock valued at $114,902,000 after buying an additional 101,554 shares during the last quarter. Victory Capital Management Inc. boosted its position in Vail Resorts by 11.0% in the fourth quarter. Victory Capital Management Inc. now owns 456,038 shares of the company’s stock valued at $96,894,000 after buying an additional 45,285 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Vail Resorts by 37.7% in the third quarter. Janus Henderson Group PLC now owns 162,734 shares of the company’s stock valued at $37,123,000 after buying an additional 44,588 shares during the last quarter. Hedge funds and other institutional investors own 94.06% of the company’s stock.
In related news, Director Michele Romanow purchased 225 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average cost of $221.54 per share, with a total value of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.30% of the company’s stock.
Vail Resorts, Inc. (NYSE:MTN) opened at $216.04 on Tuesday. Vail Resorts, Inc. has a twelve month low of $178.34 and a twelve month high of $237.77. The stock has a market capitalization of $8,730.00, a P/E ratio of 36.62 and a beta of 0.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.41.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.10). Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The company had revenue of $220.90 million during the quarter, compared to analyst estimates of $198.95 million. During the same period in the previous year, the firm posted ($1.70) earnings per share. The company’s revenue was up 23.9% compared to the same quarter last year. equities research analysts predict that Vail Resorts, Inc. will post 6.9 EPS for the current fiscal year.
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About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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