Todays Report: Today, Nordea Investment Management AB invests in 2,524 by buying Vail Resorts Inc. (MTN) shares

Today, Nordea Investment Management AB invests in 2,524 by buying Vail Resorts Inc. (MTN) shares

Nordea Investment Management AB increased its stake in shares of Vail Resorts Inc. (NYSE:MTN) by 50.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,537 shares of the company’s stock after buying an additional 2,524 shares during the period. Nordea Investment Management AB’s holdings in Vail Resorts were worth $1,182,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Miles Capital Inc. increased its stake in shares of Vail Resorts by 1.5% in the second quarter. Miles Capital Inc. now owns 2,010 shares of the company’s stock valued at $278,000 after buying an additional 29 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Vail Resorts by 2.9% in the third quarter. Foundry Partners LLC now owns 2,700 shares of the company’s stock valued at $424,000 after buying an additional 75 shares in the last quarter. Calvert Investment Management Inc. increased its stake in shares of Vail Resorts by 7.5% in the second quarter. Calvert Investment Management Inc. now owns 2,105 shares of the company’s stock valued at $291,000 after buying an additional 146 shares in the last quarter. Williams Jones & Associates LLC increased its stake in shares of Vail Resorts by 2.7% in the second quarter. Williams Jones & Associates LLC now owns 5,690 shares of the company’s stock valued at $787,000 after buying an additional 150 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Vail Resorts by 8.7% in the third quarter. Virginia Retirement Systems ET AL now owns 2,500 shares of the company’s stock valued at $392,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Shares of Vail Resorts Inc. (NYSE:MTN) traded up 0.37% during midday trading on Thursday, hitting $164.62. 204,372 shares of the company’s stock traded hands. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 41.05 and a beta of 0.48. Vail Resorts Inc. has a 1-year low of $114.87 and a 1-year high of $165.10. The company has a 50 day moving average price of $156.68 and a 200 day moving average price of $148.34.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, September 26th. The company reported ($1.80) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by $0.13. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. The company earned $179.88 million during the quarter. During the same period in the previous year, the firm posted ($1.92) EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts Inc. will post $5.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Friday, October 7th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, October 5th. Vail Resorts’s payout ratio is presently 82.23%.

Several analysts have recently weighed in on MTN shares. Wells Fargo & Co. upgraded Vail Resorts from a “market perform” rating to an “outperform” rating and set a $172.50 target price for the company in a research note on Thursday, October 20th. Janney Montgomery Scott restated a “buy” rating and set a $170.00 target price on shares of Vail Resorts in a research note on Tuesday, September 27th. MKM Partners set a $180.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, KeyCorp increased their price target on shares of Vail Resorts from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $155.09.

In related news, insider Patricia A. Campbell sold 291 shares of the stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $157.09, for a total value of $45,713.19. Following the completion of the sale, the insider now owns 19,593 shares in the company, valued at $3,077,864.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Patricia A. Campbell sold 4,822 shares of the stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $153.93, for a total transaction of $742,250.46. Following the completion of the sale, the insider now owns 16,593 shares of the company’s stock, valued at approximately $2,554,160.49. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

Vail Resorts Company Profile

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.

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