Louisiana State Employees Retirement System Takes Position in Vail Resorts, Inc. $MTN

Louisiana State Employees Retirement System purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,400 shares of the company’s stock, valued at approximately $1,335,000.

Other hedge funds have also bought and sold shares of the company. Bamco Inc. NY grew its stake in Vail Resorts by 4.1% in the 3rd quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after purchasing an additional 227,143 shares during the period. Capital International Investors increased its position in shares of Vail Resorts by 1.5% during the 3rd quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock valued at $748,248,000 after purchasing an additional 74,528 shares during the last quarter. Capital World Investors raised its stake in shares of Vail Resorts by 6.1% during the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock worth $424,488,000 after purchasing an additional 182,982 shares during the period. Oasis Management Co Ltd. raised its stake in shares of Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after purchasing an additional 141,500 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Vail Resorts by 22.4% in the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock worth $106,723,000 after buying an additional 130,460 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Trading Up 3.1%

MTN stock opened at $140.57 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. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $172.00. The company’s 50 day moving average price is $130.98 and its two-hundred day moving average price is $134.70. The company has a market capitalization of $5.01 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 12.80 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $10.54 earnings per share. The business’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, analysts predict that Vail Resorts, Inc. will post 4.31 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, June 25th. Vail Resorts’s dividend payout ratio is 201.82%.

Analyst Ratings Changes

MTN has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Barclays lowered their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Wells Fargo & Company began coverage on shares of Vail Resorts in a research note on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $151.45.

Vail Resorts 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.