New York State Common Retirement Fund Decreases Stock Position in Vail Resorts, Inc. (NYSE:MTN)

New York State Common Retirement Fund lessened its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,413 shares of the company’s stock after selling 3,013 shares during the period. New York State Common Retirement Fund’s holdings in Vail Resorts were worth $6,919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bamco Inc. NY boosted its position in shares of Vail Resorts by 1.1% in the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock valued at $1,047,590,000 after acquiring an additional 51,630 shares during the period. Principal Financial Group Inc. grew its position in shares of Vail Resorts by 7.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after purchasing an additional 131,170 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after purchasing an additional 400,941 shares during the period. Northern Trust Corp increased its holdings in shares of Vail Resorts by 42.3% in the third quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock worth $83,225,000 after purchasing an additional 111,487 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Vail Resorts by 8.3% in the third quarter. Legal & General Group Plc now owns 253,269 shares of the company’s stock worth $56,198,000 after buying an additional 19,399 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

MTN stock opened at $195.04 on Friday. The firm has a market cap of $7.41 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.14 and a beta of 1.14. The firm’s fifty day moving average is $219.48 and its 200 day moving average is $220.21. Vail Resorts, Inc. has a 52 week low of $188.43 and a 52 week high of $258.13. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $5.16 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts predict that Vail Resorts, Inc. will post 7.6 earnings per share for the current year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $2.22 dividend. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s payout ratio is 148.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MTN shares. JPMorgan Chase & Co. reduced their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Bank of America cut shares of Vail Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Truist Financial reaffirmed a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a research note on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. Finally, Mizuho assumed coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $260.11.

Insider Buying and Selling at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the transaction, the director now owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.