Public Employees Retirement Association of Colorado Reduces Stake in Vail Resorts, Inc. (NYSE:MTN)

Public Employees Retirement Association of Colorado cut its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 1.2% in the first quarter, HoldingsChannel.com reports. The firm owned 93,375 shares of the company’s stock after selling 1,092 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Vail Resorts were worth $20,807,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in Vail Resorts by 3.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,704 shares of the company’s stock valued at $364,000 after purchasing an additional 49 shares in the last quarter. GAMMA Investing LLC raised its position in Vail Resorts by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock valued at $57,000 after purchasing an additional 56 shares in the last quarter. Park Avenue Securities LLC raised its position in Vail Resorts by 2.1% in the 1st quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $668,000 after purchasing an additional 62 shares in the last quarter. Desjardins Global Asset Management Inc. raised its position 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 in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after purchasing an additional 78 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MTN has been the topic of several research analyst reports. Barclays cut their target price on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Morgan Stanley cut their target price on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, June 7th. JPMorgan Chase & Co. lowered Vail Resorts from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Finally, Stifel Nicolaus cut their target price on Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Two investment 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 data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average price target of $221.50.

Insider Buying and Selling at Vail Resorts

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

Vail Resorts Stock Performance

Shares of MTN stock traded down $0.80 during midday trading on Monday, hitting $183.85. The company had a trading volume of 156,318 shares, compared to its average volume of 552,748. The company’s 50 day simple moving average is $182.41 and its 200 day simple moving average is $205.70. Vail Resorts, Inc. has a 52-week low of $165.14 and a 52-week high of $254.78. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.90 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 (NYSE:MTN) last announced its earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing the consensus estimate of $9.94 by ($0.40). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Research analysts anticipate that Vail Resorts, Inc. will post 6.48 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th were paid a $2.22 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 4.83%. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

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.