State Board of Administration of Florida Retirement System Reduces Position in Vail Resorts, Inc. (MTN)

State Board of Administration of Florida Retirement System lowered its stake in Vail Resorts, Inc. (NYSE:MTN) by 1.6% during the 1st quarter, Holdings Channel reports. The firm owned 52,988 shares of the company’s stock after selling 880 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Vail Resorts were worth $11,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Vail Resorts by 5.3% in the fourth quarter. BlackRock Inc. now owns 2,354,160 shares of the company’s stock worth $496,306,000 after purchasing an additional 117,827 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Vail Resorts by 12.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,033,345 shares of the company’s stock worth $217,850,000 after acquiring an additional 114,407 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Vail Resorts by 19.9% during the 4th quarter. Jennison Associates LLC now owns 561,557 shares of the company’s stock worth $118,387,000 after acquiring an additional 93,183 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Vail Resorts by 10.5% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 502,152 shares of the company’s stock worth $109,118,000 after acquiring an additional 47,753 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Vail Resorts by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 394,837 shares of the company’s stock worth $83,184,000 after acquiring an additional 24,849 shares during the last quarter. Institutional investors own 96.70% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $253.00 price target on the stock in a research note on Friday, May 10th. Stifel Nicolaus lifted their price target on shares of Vail Resorts from $215.00 to $219.00 and gave the stock a “hold” rating in a research note on Monday, March 11th. Macquarie cut shares of Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 price target on the stock. in a research note on Thursday, April 4th. Deutsche Bank reiterated a “buy” rating and set a $267.00 price target on shares of Vail Resorts in a research note on Monday, April 29th. Finally, KeyCorp lifted their price target on shares of Vail Resorts from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $254.06.

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $216.47, for a total transaction of $216,470.00. Following the sale, the director now directly owns 8,372 shares in the company, valued at approximately $1,812,286.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David T. Shapiro sold 5,312 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the sale, the executive vice president now owns 4,573 shares in the company, valued at $976,381.23. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

Shares of MTN stock opened at $219.94 on Friday. The firm has a market cap of $8.98 billion, a PE ratio of 34.97, a PEG ratio of 2.13 and a beta of 0.66. Vail Resorts, Inc. has a one year low of $179.60 and a one year high of $302.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.41 and a current ratio of 0.55.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Friday, March 8th. The company reported $5.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.79 by $0.23. The firm had revenue of $849.60 million for the quarter, compared to the consensus estimate of $841.76 million. Vail Resorts had a net margin of 12.76% and a return on equity of 15.93%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $4.12 EPS. On average, equities analysts forecast that Vail Resorts, Inc. will post 6.98 EPS for the current fiscal year.

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Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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