Retirement Systems of Alabama Sells 815 Shares of Vail Resorts, Inc. (NYSE:MTN)

Retirement Systems of Alabama lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,862 shares of the company’s stock after selling 815 shares during the period. Retirement Systems of Alabama owned 0.12% of Vail Resorts worth $8,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. increased its holdings 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 acquiring an additional 49 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Vail Resorts by 27.9% in the first quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock worth $57,000 after purchasing an additional 56 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Vail Resorts by 2.1% in the first quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $668,000 after purchasing an additional 62 shares during the last quarter. Artemis Investment Management LLP lifted its position in shares of Vail Resorts by 4.6% in the second quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after buying an additional 75 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Vail Resorts by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Trading Up 1.4 %

Shares of NYSE MTN opened at $177.90 on Friday. Vail Resorts, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $254.78. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.08 and a beta of 1.14. The business’s 50 day moving average price is $177.15 and its 200-day moving average price is $199.42.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.31 billion. On average, sell-side analysts expect that Vail Resorts, Inc. will post 6.48 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 4.99%. Vail Resorts’s payout ratio is 120.82%.

Analysts Set New Price Targets

Several analysts have recently issued reports on MTN shares. Stifel Nicolaus decreased their price objective on Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Mizuho lowered their price objective on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Morgan Stanley reduced their target price on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Finally, Barclays dropped their price target on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research report on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $221.50.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 575 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average price of $176.20 per share, with a total value of $101,315.00. Following the completion of the purchase, the chief financial officer now owns 1,171 shares of the company’s stock, valued at approximately $206,330.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

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.