The Manufacturers Life Insurance Company Has $119.73 Million Holdings in Vail Resorts, Inc. (NYSE:MTN)

The Manufacturers Life Insurance Company boosted its stake in Vail Resorts, Inc. (NYSE:MTN) by 8.1% in the third quarter, Holdings Channel reports. The firm owned 686,984 shares of the company’s stock after purchasing an additional 51,438 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vail Resorts were worth $119,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its stake in Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Vail Resorts in the third quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in Vail Resorts in the third quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its position in Vail Resorts by 318.8% in the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after acquiring an additional 153 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Price Performance

Vail Resorts stock opened at $182.57 on Wednesday. The stock’s 50 day moving average is $175.63 and its 200 day moving average is $179.75. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. The firm has a market cap of $6.84 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.79 and a beta of 1.13. Vail Resorts, Inc. has a one year low of $165.00 and a one year high of $236.92.

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

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is currently 147.26%.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch purchased 165 shares of the company’s stock in a transaction on 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 completion of the purchase, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

MTN has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Barclays decreased their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday, September 27th. Finally, Macquarie restated a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Vail Resorts has a consensus 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.