Public Employees Retirement System of Ohio Sells 687 Shares of Vail Resorts, Inc. (NYSE:MTN)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,791 shares of the company’s stock after selling 687 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vail Resorts were worth $2,404,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MTN shares. Macquarie lifted their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Barclays boosted their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Mizuho increased their target price on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Truist Financial dropped their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average price target of $205.50.

Vail Resorts Stock Down 1.1 %

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

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. During the same period last year, the firm earned ($4.60) EPS. Vail Resorts’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Vail Resorts, Inc. will post 7.49 EPS for the current year.

Vail Resorts Announces Dividend

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

Insider Activity

In related news, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. This represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The stock was bought at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. The trade was a 8.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

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.