Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stake in Vail Resorts, Inc. $MTN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Vail Resorts, Inc. (NYSE:MTN) by 99.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,964 shares of the company’s stock after selling 932,033 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Vail Resorts were worth $1,150,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MTN. Goldman Sachs Group Inc. raised its holdings in shares of Vail Resorts by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Vail Resorts by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after buying an additional 2,824 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Vail Resorts by 24.1% during the 2nd quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock valued at $525,000 after buying an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Vail Resorts in the 2nd quarter valued at about $2,119,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Price Performance

NYSE MTN opened at $148.17 on Friday. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The firm’s 50 day moving average price is $135.85 and its 200-day moving average price is $134.60. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $166.16. The company has a market cap of $5.28 billion, a PE ratio of 33.68, a P/E/G ratio of 14.00 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm earned $10.54 EPS. Sell-side analysts forecast that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s payout ratio is presently 201.82%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MTN shares. Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Truist Financial lowered their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Stifel Nicolaus reduced their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Finally, Mizuho set a $174.00 target price on Vail Resorts in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $151.45.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.