Texas Permanent School Fund Corp Boosts Stake in Vail Resorts, Inc. (NYSE:MTN)

Texas Permanent School Fund Corp lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 1.0% in the first quarter, Holdings Channel reports. The institutional investor owned 33,228 shares of the company’s stock after acquiring an additional 328 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Vail Resorts were worth $7,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTN. Park Place Capital Corp increased its holdings in Vail Resorts by 531.6% in the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Rise Advisors LLC increased its holdings in Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 61 shares during the last quarter. Quarry LP acquired a new stake in Vail Resorts in the 4th quarter valued at approximately $35,000. Desjardins Global Asset Management Inc. increased its holdings 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 during the last quarter. Finally, GAMMA Investing LLC purchased a new position in Vail Resorts in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 575 shares of Vail Resorts stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $176.20 per share, with a total value of $101,315.00. Following the completion of the transaction, the chief financial officer now directly owns 1,171 shares in the company, valued at $206,330.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MTN shares. Barclays decreased their price target on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research report on Friday, June 7th. JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Stifel Nicolaus decreased their price target on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Finally, Morgan Stanley decreased their price target on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, June 7th. Two equities research 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’s stock. According to MarketBeat, Vail Resorts has an average rating of “Hold” and an average target price of $221.50.

Vail Resorts Stock Up 1.8 %

Shares of Vail Resorts stock traded up $3.09 during trading on Thursday, hitting $178.05. 598,560 shares of the stock were exchanged, compared to its average volume of 564,903. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14. The firm’s 50-day moving average price is $186.58 and its 200 day moving average price is $208.35. Vail Resorts, Inc. has a 12-month low of $165.14 and a 12-month high of $254.78. 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 quarterly 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 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. As a group, analysts forecast that Vail Resorts, Inc. will post 6.48 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

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

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.