South Dakota Investment Council Buys 9,979 Shares of Vail Resorts, Inc. (NYSE:MTN)

South Dakota Investment Council lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 89.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,134 shares of the company's stock after purchasing an additional 9,979 shares during the period. South Dakota Investment Council owned 0.06% of Vail Resorts worth $3,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Vail Resorts in the 4th quarter valued at $80,669,000. Point72 Asset Management L.P. boosted its holdings in shares of Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after purchasing an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after acquiring an additional 289,484 shares in the last quarter. DnB Asset Management AS acquired a new stake in shares of Vail Resorts during the 4th quarter valued at $33,286,000. Finally, TPG GP A LLC boosted its holdings in shares of Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after acquiring an additional 172,082 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Vail Resorts Stock Performance

Shares of NYSE MTN traded down $0.19 during midday trading on Wednesday, reaching $164.61. The company's stock had a trading volume of 132,302 shares, compared to its average volume of 603,999. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The firm has a 50 day moving average price of $157.12 and a 200-day moving average price of $157.48. The stock has a market capitalization of $6.12 billion, a P/E ratio of 21.05, a PEG ratio of 1.96 and a beta of 0.91. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $9.54 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were paid a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.39%. Vail Resorts's payout ratio is presently 113.55%.

Insider Activity

In related news, CFO Angela A. Korch acquired 200 shares of the stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the acquisition, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MTN shares. Bank of America raised their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. UBS Group cut their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Truist Financial cut their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Finally, Mizuho lifted their price objective on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $187.20.

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.