Ontario Teachers Pension Plan Board Has $351,000 Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Ontario Teachers Pension Plan Board lowered its stake in Vail Resorts, Inc. (NYSE:MTN) by 12.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,573 shares of the company’s stock after selling 215 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Vail Resorts were worth $351,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MTN. Park Place Capital Corp lifted its holdings in shares of Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Quarry LP acquired a new stake in Vail Resorts in the 4th quarter worth about $35,000. Desjardins Global Asset Management Inc. boosted its holdings in Vail Resorts by 70.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC acquired a new position in shares of Vail Resorts during the 4th quarter worth approximately $45,000. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Vail Resorts by 534.5% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 349 shares of the company’s stock worth $75,000 after purchasing an additional 294 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Vail Resorts Price Performance

NYSE:MTN traded up $0.49 during trading hours on Monday, hitting $180.75. The company’s stock had a trading volume of 471,642 shares, compared to its average volume of 558,915. Vail Resorts, Inc. has a twelve month low of $165.14 and a twelve month high of $254.78. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. The stock has a fifty day simple moving average of $184.64 and a 200-day simple moving average of $206.78. The company has a market capitalization of $6.80 billion, a P/E ratio of 24.60, a PEG ratio of 2.98 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. On average, analysts anticipate that Vail Resorts, Inc. will post 6.48 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts’s payout ratio is 120.82%.

Insider Activity

In other news, CFO Angela A. Korch bought 575 shares of the stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $176.20 per share, with a total value of $101,315.00. Following the acquisition, the chief financial officer now directly owns 1,171 shares in the company, valued at $206,330.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MTN has been the subject of several recent research reports. Morgan Stanley cut their price target on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, June 7th. JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and cut their target price for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Stifel Nicolaus reduced their target price on Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Mizuho dropped their price target on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Barclays cut their price objective on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and a consensus target price of $221.50.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.