Public Employees Retirement System of Ohio decreased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 44.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,915 shares of the company’s stock after selling 14,190 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Vail Resorts were worth $4,087,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Tocqueville Asset Management L.P. increased its stake in shares of Vail Resorts by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock valued at $562,000 after buying an additional 8 shares during the period. Comerica Bank increased its stake in shares of Vail Resorts by 0.6% in the 2nd quarter. Comerica Bank now owns 1,789 shares of the company’s stock valued at $376,000 after buying an additional 10 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Vail Resorts by 2.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,016 shares of the company’s stock valued at $409,000 after buying an additional 41 shares during the period. Renaissance Group LLC increased its stake in shares of Vail Resorts by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 1,945 shares of the company’s stock valued at $395,000 after buying an additional 46 shares during the period. Finally, Sii Investments Inc. WI increased its stake in shares of Vail Resorts by 3.9% in the 2nd quarter. Sii Investments Inc. WI now owns 1,590 shares of the company’s stock valued at $322,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE:MTN) opened at $213.83 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.41 and a current ratio of 0.56. Vail Resorts, Inc. has a 52 week low of $159.84 and a 52 week high of $237.77. The company has a market capitalization of $8,640.00, a price-to-earnings ratio of 36.24 and a beta of 0.45.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be paid a dividend of $1.053 per share. The ex-dividend date is Tuesday, December 26th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.97%. Vail Resorts’s dividend payout ratio (DPR) is presently 71.36%.
MTN has been the subject of several research reports. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 target price for the company in a research note on Wednesday, October 25th. Bank of America lifted their target price on Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Barclays lifted their target price on Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, September 29th. Stifel Nicolaus lifted their target price on Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a research note on Friday, December 8th. Finally, Janney Montgomery Scott reissued a “buy” rating and issued a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Vail Resorts has an average rating of “Buy” and an average target price of $252.22.
In other Vail Resorts news, Director Michele Romanow bought 225 shares of Vail Resorts stock in a transaction on Tuesday, December 19th. The shares were purchased at an average cost of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the acquisition, the director now owns 1,663 shares in the company, valued at approximately $368,421.02. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Patricia A. Campbell sold 5,515 shares of Vail Resorts stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $222.41, for a total value of $1,226,591.15. Following the transaction, the insider now owns 28,736 shares in the company, valued at $6,391,173.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is 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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