Public Employees Retirement System of Ohio Has $3.22 Million Holdings in Vail Resorts, Inc. (NYSE:MTN)

Public Employees Retirement System of Ohio lessened its holdings in Vail Resorts, Inc. (NYSE:MTN) by 8.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,458 shares of the company’s stock after selling 1,363 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vail Resorts were worth $3,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTN. Cadence Bank lifted its position in shares of Vail Resorts by 34.5% during the 1st quarter. Cadence Bank now owns 32,106 shares of the company’s stock worth $7,154,000 after buying an additional 8,234 shares in the last quarter. First Commonwealth Financial Corp PA bought a new position in shares of Vail Resorts during the 1st quarter worth approximately $329,000. Ariel Investments LLC lifted its position in shares of Vail Resorts by 3.4% during the 1st quarter. Ariel Investments LLC now owns 223,421 shares of the company’s stock worth $49,785,000 after buying an additional 7,327 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Vail Resorts by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock worth $221,000 after buying an additional 78 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Vail Resorts during the 1st quarter worth approximately $281,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other news, CFO Angela A. Korch purchased 575 shares of Vail Resorts stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $176.20 per share, for a total transaction of $101,315.00. Following the transaction, the chief financial officer now directly owns 1,171 shares of the company’s stock, valued at $206,330.20. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Mizuho dropped their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Morgan Stanley lowered their price target on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Barclays lowered their price target on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a report on Friday, June 7th. Finally, Stifel Nicolaus lowered their price target on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Two 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 has an average rating of “Hold” and an average target price of $221.50.

Vail Resorts Stock Down 3.0 %

MTN opened at $176.56 on Friday. The company has a fifty day moving average price of $181.14 and a 200-day moving average price of $204.89. The firm has a market capitalization of $6.64 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 2.86 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $254.78.

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

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were given a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.03%. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Vail Resorts Company 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.