Texas Permanent School Fund Corp Sells 4,812 Shares of Vail Resorts, Inc. (NYSE:MTN)

Texas Permanent School Fund Corp reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 14.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,416 shares of the company’s stock after selling 4,812 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Vail Resorts were worth $5,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTN. Private Advisor Group LLC bought a new stake in Vail Resorts during the 4th quarter valued at $244,000. Charles Schwab Investment Management Inc. raised its holdings in Vail Resorts by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 232,804 shares of the company’s stock valued at $49,697,000 after buying an additional 3,383 shares during the last quarter. Principal Securities Inc. bought a new stake in Vail Resorts during the 4th quarter valued at $273,000. Jump Financial LLC raised its holdings in Vail Resorts by 96.7% during the 4th quarter. Jump Financial LLC now owns 4,757 shares of the company’s stock valued at $1,015,000 after buying an additional 2,339 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Vail Resorts by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock valued at $55,347,000 after buying an additional 6,336 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of recent analyst reports. Mizuho lowered their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Barclays reduced their price objective on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a research report on Friday, June 7th. Stifel Nicolaus reduced their price objective on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Morgan Stanley reduced their price objective on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, June 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $221.50.

Vail Resorts Stock Up 0.8 %

NYSE:MTN opened at $178.16 on Friday. The firm’s 50-day moving average price is $178.25 and its 200-day moving average price is $195.17. The company has a market capitalization of $6.70 billion, a PE ratio of 24.24, a P/E/G ratio of 2.19 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $254.78.

About Vail Resorts

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.