Vail Resorts, Inc. (NYSE:MTN) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in Vail Resorts, Inc. (NYSE:MTN) by 32.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,752 shares of the company’s stock after selling 6,584 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Vail Resorts were worth $2,477,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Vail Resorts by 1.0% in the first quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock worth $402,716,000 after acquiring an additional 17,432 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Vail Resorts by 5.9% during the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after purchasing an additional 24,456 shares during the period. Norges Bank acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $85,704,000. First Pacific Advisors LP acquired a new stake in shares of Vail Resorts during the second quarter worth about $62,466,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Vail Resorts by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock worth $55,347,000 after purchasing an additional 6,336 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MTN. JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Stifel Nicolaus decreased their target price on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a report on Friday, June 7th. Mizuho decreased their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday. Finally, Morgan Stanley decreased their target price on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $217.50.

Vail Resorts Stock Up 0.5 %

Shares of MTN stock opened at $183.35 on Thursday. The stock has a 50 day moving average of $178.65 and a 200 day moving average of $193.66. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The stock has a market cap of $6.90 billion, a P/E ratio of 24.95, a P/E/G ratio of 2.38 and a beta of 1.14. Vail Resorts, Inc. has a twelve month low of $165.14 and a twelve month high of $254.78.

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.