Financial

Investors Recap: Vail Resorts, Inc. (NYSE: MTN)

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Vail Resorts, Inc. (NYSE: MTN) augmented 0.07% to trade at $ 290.41 in the recent trading session and its total traded volume was 78690 shares versus to an average volume of 262.89K. The company has market cap of $11.54B. The stock has positive monthly performance of 0.73% while its yearly performance remained 32.76%.

The stock demonstrated a positive move of 1.55% in previous 5 days graph. Its quarterly performance remained in the green with the percentage of 22.91%, while its year to date performance showed that the stock jumped overall 36.59% The 52 week range of the stock was $200.68 – 292.69.The Company has an insider ownership of 1.30% and institutional ownership remained -. Its return on investment (ROI) for the last 12 month was 9.20% and its return on equity (ROE) of 25.40% for the last 12 months while return on assets (ROA) is at 9.90%.

Vail Resorts, Inc. (NYSE: MTN) today reported that the Company has closed on its acquisition of Stevens Pass Resort in Washington from Ski Resort Holdings, LLC, an affiliate of Oz Real Estate. The final purchase price, after adjustments for certain agreed-upon terms, was $64 million. Less than 85 miles from Seattle and renowned for its plentiful snowfall, the resort sits on the crest of the Cascade Range within two national forests – the Mt. Baker-Snoqualmie National Forest on the west side, and the Wenatchee National Forest on the east.

The 2018-19 Epic Pass, Epic Local Pass, Epic Australia Pass, and Military Epic Pass now include unlimited and unrestricted access to Stevens Pass; the Epic 7 Day and Epic 4 Day Passes now offer seven and four unrestricted days respectively. Additionally, Whistler Blackcomb’s 5 Day and 10 Day EDGE Cards, which are available to residents of Washington State and Canada, allow pass holders to use two of five, or three of 10 days at Stevens Pass or any other Vail Resorts’ owned and operated ski resorts.

“We are thrilled to officially welcome Stevens Pass to our family of world-class resorts and to offer pass holders another exceptional, unique experience in North America’s Pacific Northwest,” said Kirsten Lynch, chief marketing officer of Vail Resorts.

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