The Manufacturers Life Insurance Company Has $135.03 Million Stock Holdings in Vail Resorts, Inc. $MTN

The Manufacturers Life Insurance Company reduced its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 859,323 shares of the company’s stock after selling 84,081 shares during the quarter. The Manufacturers Life Insurance Company owned 2.31% of Vail Resorts worth $135,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTN. Aperture Investors LLC bought a new position in Vail Resorts in the 2nd quarter valued at about $22,886,000. RBF Capital LLC raised its stake in shares of Vail Resorts by 300.0% in the second quarter. RBF Capital LLC now owns 8,000 shares of the company’s stock worth $1,257,000 after purchasing an additional 6,000 shares during the last quarter. iSAM Funds UK Ltd raised its stake in shares of Vail Resorts by 146.4% in the second quarter. iSAM Funds UK Ltd now owns 5,920 shares of the company’s stock worth $930,000 after purchasing an additional 3,517 shares during the last quarter. GRS Advisors LLC bought a new position in shares of Vail Resorts in the second quarter valued at approximately $71,753,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $3,212,000. 94.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 210 shares of Vail Resorts stock in a transaction on Tuesday, October 7th. The stock was acquired at an average cost of $155.00 per share, with a total value of $32,550.00. Following the completion of the acquisition, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $155.06 on Friday. The company has a market capitalization of $5.56 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 2.39 and a beta of 0.81. The company’s 50-day moving average is $146.70 and its 200 day moving average is $152.49. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 and a current ratio of 0.63. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $196.64.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.23) by $0.03. The business had revenue of $271.03 million during the quarter, compared to the consensus estimate of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 28.45%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted ($4.61) earnings per share. On average, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Tuesday, December 30th will be paid a $2.22 dividend. The ex-dividend date is Tuesday, December 30th. This represents a $8.88 annualized dividend and a yield of 5.7%. Vail Resorts’s dividend payout ratio is presently 119.84%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MTN shares. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price (down previously from $180.00) on shares of Vail Resorts in a research note on Tuesday, September 30th. Wall Street Zen downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Barclays dropped their price target on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft set a $169.00 price objective on shares of Vail Resorts in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $176.50.

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.