Public Employees Retirement System of Ohio Decreases Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Public Employees Retirement System of Ohio reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,791 shares of the company’s stock after selling 687 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Vail Resorts were worth $2,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Signaturefd LLC lifted its position in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Vail Resorts in the 3rd quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Vail Resorts during the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after acquiring an additional 153 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after acquiring an additional 121 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MTN shares. Barclays upped their price objective on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Morgan Stanley raised their price target on Vail Resorts from $182.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Mizuho raised their target price on shares of Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, UBS Group started coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $205.50.

Vail Resorts Trading Down 1.1 %

Shares of MTN opened at $189.19 on Wednesday. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.22 and a beta of 1.14. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.71. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The company has a 50-day moving average of $178.07 and a 200 day moving average of $178.78.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($4.60) earnings per share. On average, research analysts expect that Vail Resorts, Inc. will post 7.49 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, December 26th. Vail Resorts’s dividend payout ratio is 147.51%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 165 shares of the stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average price of $173.09 per share, with a total value of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert A. Katz sold 9,296 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Profile

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.