The Manufacturers Life Insurance Company Buys 51,438 Shares of Vail Resorts, Inc. (NYSE:MTN)

The Manufacturers Life Insurance Company grew its stake in Vail Resorts, Inc. (NYSE:MTN) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 686,984 shares of the company’s stock after acquiring an additional 51,438 shares during the quarter. The Manufacturers Life Insurance Company owned 1.83% of Vail Resorts worth $119,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisors Asset Management Inc. grew its position in shares of Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after purchasing an additional 78 shares during the period. Kennedy Capital Management LLC grew its position in shares of Vail Resorts by 5.9% in the 1st quarter. Kennedy Capital Management LLC now owns 7,023 shares of the company’s stock valued at $1,565,000 after purchasing an additional 394 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Vail Resorts by 28.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,689 shares of the company’s stock valued at $597,000 after purchasing an additional 590 shares during the period. California State Teachers Retirement System grew its position in shares of Vail Resorts by 1.0% in the 1st quarter. California State Teachers Retirement System now owns 61,727 shares of the company’s stock valued at $13,755,000 after purchasing an additional 598 shares during the period. Finally, LBP AM SA grew its position in shares of Vail Resorts by 126.7% in the 1st quarter. LBP AM SA now owns 4,011 shares of the company’s stock valued at $894,000 after purchasing an additional 2,242 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Angela A. Korch bought 165 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This represents a 8.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

NYSE:MTN opened at $182.57 on Wednesday. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The firm has a fifty day simple moving average of $175.63 and a 200 day simple moving average of $179.75. The stock has a market capitalization of $6.84 billion, a PE ratio of 30.28, a P/E/G ratio of 1.79 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same period in the prior year, the business posted ($3.35) earnings per share. Vail Resorts’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts expect that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is 147.26%.

Wall Street Analyst Weigh In

MTN has been the subject of several research analyst reports. UBS Group started coverage on Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. Barclays reduced their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Stifel Nicolaus reduced their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Finally, StockNews.com downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and a consensus price target of $205.90.

Vail Resorts Company 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.