Alliancebernstein L.P. Has $149.03 Million Position in Vail Resorts, Inc. (NYSE:MTN)

Alliancebernstein L.P. increased its stake in Vail Resorts, Inc. (NYSE:MTN) by 23.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 446,119 shares of the company’s stock after purchasing an additional 83,529 shares during the quarter. Alliancebernstein L.P. owned approximately 1.10% of Vail Resorts worth $149,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Vail Resorts by 15.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,779,292 shares of the company’s stock worth $1,512,742,000 after purchasing an additional 641,108 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Vail Resorts by 1.6% during the second quarter. Vanguard Group Inc. now owns 3,638,425 shares of the company’s stock valued at $1,151,634,000 after purchasing an additional 58,412 shares during the period. BlackRock Inc. increased its position in shares of Vail Resorts by 0.8% during the third quarter. BlackRock Inc. now owns 2,869,316 shares of the company’s stock valued at $958,495,000 after purchasing an additional 22,489 shares during the period. State Street Corp grew its position in Vail Resorts by 6.9% in the second quarter. State Street Corp now owns 985,520 shares of the company’s stock valued at $311,937,000 after acquiring an additional 63,270 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Vail Resorts by 67.6% in the second quarter. Goldman Sachs Group Inc. now owns 700,008 shares of the company’s stock valued at $221,566,000 after acquiring an additional 282,220 shares during the period. Hedge funds and other institutional investors own 94.20% of the company’s stock.

Shares of Vail Resorts stock opened at $303.80 on Friday. Vail Resorts, Inc. has a 1 year low of $261.41 and a 1 year high of $376.24. The business has a 50-day moving average of $330.91 and a two-hundred day moving average of $323.30. The company has a market capitalization of $12.29 billion, a P/E ratio of 89.09 and a beta of 1.21. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.40 and a quick ratio of 1.32.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, December 9th. The company reported ($3.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.65) by $0.21. Vail Resorts had a return on equity of 7.90% and a net margin of 7.28%. The company had revenue of $175.58 million during the quarter, compared to the consensus estimate of $192.77 million. During the same period in the prior year, the company earned ($3.63) earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. On average, equities analysts anticipate that Vail Resorts, Inc. will post 7.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 11th. Investors of record on Tuesday, December 28th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Monday, December 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.16%. Vail Resorts’s payout ratio is presently 103.23%.

A number of analysts have weighed in on the company. Credit Suisse Group upped their price target on Vail Resorts from $367.00 to $379.00 and gave the company an “outperform” rating in a research report on Friday, December 10th. TheStreet cut Vail Resorts from a “b-” rating to a “c+” rating in a research report on Monday, November 29th. Truist Securities upped their price target on Vail Resorts from $308.00 to $322.00 and gave the company a “hold” rating in a research report on Friday, September 24th. Deutsche Bank Aktiengesellschaft upped their price target on Vail Resorts from $310.00 to $331.00 and gave the company a “hold” rating in a research report on Monday, December 13th. They noted that the move was a valuation call. Finally, William Blair restated a “market perform” rating on shares of Vail Resorts in a report on Wednesday, December 8th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $335.43.

In related news, CFO Michael Z. Barkin sold 1,836 shares of the stock in a transaction dated Monday, December 13th. The stock was sold at an average price of $335.35, for a total transaction of $615,702.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert A. Katz sold 98,209 shares of the stock in a transaction dated Monday, December 13th. The stock was sold at an average price of $330.60, for a total value of $32,467,895.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,877 shares of company stock valued at $33,704,023. 1.70% of the stock is owned by corporate insiders.

About Vail Resorts

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.

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

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