10,700 Shares in Vail Resorts, Inc. (NYSE:MTN) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,700 shares of the company's stock, valued at approximately $2,284,000.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Vail Resorts by 21.8% during the 1st quarter. American Century Companies Inc. now owns 1,565 shares of the company's stock valued at $407,000 after purchasing an additional 280 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Vail Resorts by 7.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 876 shares of the company's stock valued at $228,000 after buying an additional 63 shares during the last quarter. Private Advisor Group LLC increased its holdings in Vail Resorts by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 1,811 shares of the company's stock worth $471,000 after buying an additional 76 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Vail Resorts in the 1st quarter worth about $672,000. Finally, Panagora Asset Management Inc. bought a new position in Vail Resorts during the 1st quarter valued at about $691,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Vail Resorts Stock Performance

Shares of NYSE:MTN traded down $3.92 during mid-day trading on Wednesday, reaching $219.63. 392,491 shares of the company traded hands, compared to its average volume of 468,332. Vail Resorts, Inc. has a 52 week low of $204.88 and a 52 week high of $258.13. The firm has a market cap of $8.34 billion, a PE ratio of 36.67, a PEG ratio of 2.40 and a beta of 1.11. The company's 50 day moving average price is $225.53 and its 200-day moving average price is $221.27. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts' consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.16 earnings per share. On average, equities analysts expect that Vail Resorts, Inc. will post 7.75 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $2.22 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from Vail Resorts's previous quarterly dividend of $2.06. This represents a $8.88 dividend on an annualized basis and a yield of 4.04%. Vail Resorts's dividend payout ratio (DPR) is currently 148.25%.

Insider Activity

In related news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares of the company's stock, valued at approximately $1,691,269.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on MTN shares. Bank of America cut shares of Vail Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $285.00 to $250.00 in a report on Friday, March 8th. Stifel Nicolaus restated a "buy" rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. Truist Financial reissued a "buy" rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Mizuho began coverage on Vail Resorts in a research note on Tuesday, March 26th. They set a "buy" rating and a $256.00 price target for the company. Finally, Morgan Stanley increased their price objective on shares of Vail Resorts from $247.00 to $248.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Vail Resorts has an average rating of "Hold" and an average target price of $266.33.

Vail Resorts 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.