State of New Jersey Common Pension Fund D Has $2.27 Million Position in Vail Resorts, Inc. (NYSE:MTN)

State of New Jersey Common Pension Fund D decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,029 shares of the company’s stock after selling 723 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Vail Resorts were worth $2,271,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its position in Vail Resorts by 20.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,972 shares of the company’s stock valued at $518,000 after purchasing an additional 510 shares during the period. Atria Investments Inc boosted its stake in Vail Resorts by 10.9% in the third quarter. Atria Investments Inc now owns 6,864 shares of the company’s stock valued at $1,196,000 after acquiring an additional 676 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Vail Resorts during the 3rd quarter worth $25,000. Kornitzer Capital Management Inc. KS raised its position in shares of Vail Resorts by 20.3% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 10,766 shares of the company’s stock valued at $1,876,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in shares of Vail Resorts by 1.3% in the 3rd quarter. Malaga Cove Capital LLC now owns 9,673 shares of the company’s stock valued at $1,686,000 after purchasing an additional 124 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MTN. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Barclays decreased their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Macquarie reiterated a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus decreased their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $205.90.

Insider Transactions at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Angela A. Korch bought 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 8.16 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Vail Resorts Trading Down 0.8 %

MTN opened at $178.42 on Friday. The stock has a market capitalization of $6.69 billion, a P/E ratio of 29.59, a P/E/G ratio of 1.75 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92. The firm’s fifty day simple moving average is $175.69 and its 200 day simple moving average is $180.70.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned ($3.35) earnings per share. As a group, research analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a $2.22 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.98%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

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.