Treasurer of the State of North Carolina Reduces Holdings in Vail Resorts, Inc. (NYSE:MTN)

Treasurer of the State of North Carolina cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,475 shares of the company’s stock after selling 120 shares during the period. Treasurer of the State of North Carolina’s holdings in Vail Resorts were worth $3,088,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Vail Resorts in the 4th quarter valued at about $80,669,000. Wealthfront Advisers LLC purchased a new stake in Vail Resorts in the fourth quarter valued at approximately $42,532,000. DnB Asset Management AS acquired a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $33,286,000. Raymond James Financial Inc. purchased a new position in shares of Vail Resorts during the fourth quarter worth approximately $23,170,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Vail Resorts by 57.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 312,232 shares of the company’s stock valued at $58,528,000 after acquiring an additional 114,207 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Down 1.7 %

MTN opened at $137.76 on Thursday. The business has a 50 day simple moving average of $155.88 and a 200-day simple moving average of $170.29. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $225.45. The stock has a market capitalization of $5.14 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.76 EPS. On average, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s dividend payout ratio is currently 130.21%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MTN shares. Morgan Stanley lowered their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Mizuho lowered their price target on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Macquarie reduced their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. lifted their target price on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research note on Tuesday, March 11th. Finally, Barclays restated an “underweight” rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $193.56.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. This represents a 6.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by company insiders.

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.