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

New York State Common Retirement Fund reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,821 shares of the company's stock after selling 2,000 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Vail Resorts worth $4,278,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP purchased a new position in Vail Resorts in the fourth quarter worth approximately $291,000. Stifel Financial Corp boosted its position in Vail Resorts by 47.6% during the third quarter. Stifel Financial Corp now owns 21,131 shares of the company's stock worth $3,683,000 after purchasing an additional 6,816 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Vail Resorts by 17.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock worth $5,187,000 after purchasing an additional 4,080 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Vail Resorts by 409.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,538 shares of the company's stock valued at $861,000 after purchasing an additional 3,648 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Vail Resorts by 1.3% during the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company's stock worth $113,252,000 after purchasing an additional 8,422 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MTN shares. StockNews.com upgraded Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday, December 13th. JPMorgan Chase & Co. lowered their target price on shares of Vail Resorts from $176.00 to $166.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised their target price on Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Stifel Nicolaus increased their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, UBS Group initiated coverage on Vail Resorts in a research report on Thursday, November 14th. They set a "neutral" rating and a $185.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Vail Resorts presently has a consensus rating of "Hold" and a consensus target price of $204.50.

Vail Resorts Stock Down 0.6 %

Shares of Vail Resorts stock traded down $0.98 on Tuesday, hitting $157.46. 322,806 shares of the company traded hands, compared to its average volume of 552,709. The company has a 50-day moving average price of $172.35 and a 200 day moving average price of $176.76. Vail Resorts, Inc. has a 12-month low of $153.78 and a 12-month high of $235.81. The company has a market cap of $5.90 billion, a PE ratio of 26.13, a PEG ratio of 1.93 and a beta of 1.11. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping analysts' consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same period in the previous year, the firm posted ($4.60) earnings per share. The company's revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.64%. The ex-dividend date was Thursday, December 26th. Vail Resorts's payout ratio is 147.51%.

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.