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Rockefeller Capital Management L.P. Purchases 2,237 Shares of Vail Resorts, Inc. (NYSE:MTN)

Defense World · Jan 30, 2023 05:02

Rockefeller Capital Management L.P. grew its position in Vail Resorts, Inc. (NYSE:MTN – Get Rating) by 233.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,197 shares of the company's stock after acquiring an additional 2,237 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Vail Resorts were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MTN. Daiwa Securities Group Inc. raised its holdings in shares of Vail Resorts by 2.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,408 shares of the company's stock worth $951,000 after buying an additional 100 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Vail Resorts in the 3rd quarter worth approximately $37,123,000. Brinker Capital Investments LLC raised its holdings in shares of Vail Resorts by 43.3% in the 3rd quarter. Brinker Capital Investments LLC now owns 5,221 shares of the company's stock worth $1,126,000 after buying an additional 1,578 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Vail Resorts in the 3rd quarter worth approximately $3,359,000. Finally, Kingfisher Capital LLC raised its holdings in shares of Vail Resorts by 3.4% in the 3rd quarter. Kingfisher Capital LLC now owns 9,110 shares of the company's stock worth $1,964,000 after buying an additional 297 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

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Insider Buying and Selling at Vail Resorts

In other news, CFO Michael Z. Barkin sold 6,891 shares of the firm's stock in a transaction on Monday, December 12th. The stock was sold at an average price of $258.92, for a total value of $1,784,217.72. Following the transaction, the chief financial officer now directly owns 14,303 shares in the company, valued at approximately $3,703,332.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.15% of the company's stock.

Vail Resorts Stock Up 0.3 %

Shares of MTN opened at $257.35 on Monday. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 0.68 and a beta of 1.16. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.10 and a current ratio of 1.21. The business's fifty day moving average price is $250.41 and its two-hundred day moving average price is $234.60. Vail Resorts, Inc. has a 52 week low of $201.91 and a 52 week high of $284.07.

Vail Resorts (NYSE:MTN – Get Rating) last announced its quarterly earnings data on Thursday, December 8th. The company reported ($3.40) EPS for the quarter, missing analysts' consensus estimates of ($3.17) by ($0.23). The firm had revenue of $279.45 million during the quarter, compared to the consensus estimate of $246.07 million. Vail Resorts had a net margin of 13.32% and a return on equity of 19.31%. On average, analysts predict that Vail Resorts, Inc. will post 8.96 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 27th were given a $1.91 dividend. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $7.64 dividend on an annualized basis and a yield of 2.97%. Vail Resorts's payout ratio is 89.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MTN shares. StockNews.com started coverage on Vail Resorts in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Barclays increased their target price on Vail Resorts from $228.00 to $232.00 and gave the stock an "underweight" rating in a report on Monday, December 12th. JPMorgan Chase & Co. raised their price target on Vail Resorts from $246.00 to $262.00 and gave the company a "neutral" rating in a report on Monday, December 12th. Finally, Truist Financial raised their price target on Vail Resorts from $270.00 to $292.00 and gave the company a "hold" rating in a report on Thursday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $282.43.

Vail Resorts Profile

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Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.