Public Employees Retirement System of Ohio reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 44.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,915 shares of the company’s stock after selling 14,190 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vail Resorts were worth $4,087,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in shares of Vail Resorts during the third quarter worth $486,000. Neuberger Berman Group LLC lifted its stake in shares of Vail Resorts by 13.1% during the third quarter. Neuberger Berman Group LLC now owns 99,014 shares of the company’s stock worth $22,587,000 after buying an additional 11,500 shares during the period. California Public Employees Retirement System lifted its stake in shares of Vail Resorts by 7.3% during the third quarter. California Public Employees Retirement System now owns 100,638 shares of the company’s stock worth $22,958,000 after buying an additional 6,838 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Vail Resorts by 3.5% during the third quarter. Janney Montgomery Scott LLC now owns 17,721 shares of the company’s stock worth $4,043,000 after buying an additional 599 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Vail Resorts by 476.7% during the third quarter. Cubist Systematic Strategies LLC now owns 8,500 shares of the company’s stock worth $1,939,000 after buying an additional 7,026 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.
Several research firms have recently commented on MTN. Stifel Nicolaus reiterated a “buy” rating and set a $232.00 price objective (up from $229.00) on shares of Vail Resorts in a research note on Monday, October 2nd. MKM Partners reissued a “buy” rating and set a $266.00 target price (up previously from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Deutsche Bank started coverage on shares of Vail Resorts in a report on Wednesday, December 13th. They set a “buy” rating and a $265.00 target price for the company. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $260.00 target price (up previously from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $252.22.
Vail Resorts, Inc. (MTN) opened at $218.94 on Friday. Vail Resorts, Inc. has a fifty-two week low of $159.98 and a fifty-two week high of $237.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.41. The firm has a market cap of $8,850.00, a price-to-earnings ratio of 37.11 and a beta of 0.45.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.10). Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The firm had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $198.95 million. During the same period in the previous year, the firm posted ($1.70) EPS. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. equities research analysts expect that Vail Resorts, Inc. will post 7.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th were issued a $1.053 dividend. The ex-dividend date was Tuesday, December 26th. This represents a $4.21 dividend on an annualized basis and a yield of 1.92%. Vail Resorts’s payout ratio is 71.36%.
In other news, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the sale, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michele Romanow bought 225 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average cost of $221.54 per share, with a total value of $49,846.50. Following the purchase, the director now directly owns 1,663 shares of the company’s stock, valued at $368,421.02. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.
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About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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