South Dakota Investment Council Grows Stake in Vail Resorts, Inc. (NYSE:MTN)

South Dakota Investment Council lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 28.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,155 shares of the company’s stock after purchasing an additional 2,500 shares during the period. South Dakota Investment Council’s holdings in Vail Resorts were worth $2,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Union Bancaire Privee UBP SA purchased a new stake in shares of Vail Resorts during the fourth quarter worth about $3,674,000. PYA Waltman Capital LLC increased its stake in shares of Vail Resorts by 5.1% during the fourth quarter. PYA Waltman Capital LLC now owns 30,725 shares of the company’s stock worth $5,759,000 after purchasing an additional 1,503 shares in the last quarter. Hardy Reed LLC grew its stake in Vail Resorts by 12.9% during the 4th quarter. Hardy Reed LLC now owns 2,562 shares of the company’s stock valued at $480,000 after acquiring an additional 293 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in Vail Resorts during the 4th quarter valued at about $3,134,000. Finally, Global Retirement Partners LLC grew its stake in Vail Resorts by 30.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,168 shares of the company’s stock valued at $219,000 after acquiring an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN stock opened at $158.36 on Monday. The firm’s 50 day moving average price is $175.83 and its 200-day moving average price is $177.40. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. Vail Resorts, Inc. has a one year low of $156.60 and a one year high of $236.92. The firm has a market cap of $5.93 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.93 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same period in the prior year, the business posted ($4.60) EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.61%. Vail Resorts’s dividend payout ratio is currently 147.51%.

Analysts Set New Price Targets

MTN has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. UBS Group initiated coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective for the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $197.00 price objective on shares of Vail Resorts in a research note on Monday, December 23rd. Stifel Nicolaus upped their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Barclays upped their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research note 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 currently has a consensus rating of “Hold” and an average price target of $204.50.

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.