The Manufacturers Life Insurance Company Makes New Investment in Vail Resorts, Inc. $MTN

The Manufacturers Life Insurance Company purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 965,246 shares of the company’s stock, valued at approximately $131,418,000.

Several other institutional investors also recently bought and sold shares of the business. BOKF NA increased its position in shares of Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares in the last quarter. Danske Bank A S acquired a new stake in Vail Resorts in the 3rd quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after acquiring an additional 222 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Finally, Truist Financial reduced their price target on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $149.83.

Vail Resorts Stock Down 1.3%

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

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

Vail Resorts Dividend Announcement

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

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.