The Manufacturers Life Insurance Company Takes $131.42 Million Position in Vail Resorts, Inc. $MTN

The Manufacturers Life Insurance Company acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 965,246 shares of the company’s stock, valued at approximately $131,418,000. The Manufacturers Life Insurance Company owned approximately 2.71% of Vail Resorts at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BOKF NA raised its holdings in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares during the period. Danske Bank A S purchased a new position in Vail Resorts during the third quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its stake in Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Trading Down 1.3%

Shares of NYSE:MTN opened at $148.07 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $165.50. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 9.90 and a beta of 0.70. The business has a 50-day moving average price of $146.18 and a 200-day moving average price of $137.01.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the business earned $10.54 EPS. Equities analysts predict that Vail Resorts, Inc. will post 4.32 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a $2.22 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. Vail Resorts’s payout ratio is presently 201.82%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. The Goldman Sachs Group began coverage on shares of Vail Resorts in a report on Thursday, August 13th. They issued a “sell” rating and a $132.00 price target on the stock. Finally, UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $149.83.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.