The Manufacturers Life Insurance Company Increases Stock Position in Vail Resorts, Inc. (NYSE:MTN)

The Manufacturers Life Insurance Company increased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 673.1% during the second quarter, Holdings Channel.com reports. The firm owned 635,546 shares of the company’s stock after buying an additional 553,337 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vail Resorts were worth $114,481,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MTN. First Pacific Advisors LP purchased a new position in shares of Vail Resorts in the 2nd quarter valued at $62,466,000. APG Asset Management US Inc. bought a new stake in Vail Resorts during the fourth quarter valued at about $37,684,000. AQR Capital Management LLC grew its stake in Vail Resorts by 1,063.7% in the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock valued at $31,767,000 after purchasing an additional 161,820 shares during the last quarter. TPG GP A LLC raised its holdings in Vail Resorts by 17.4% in the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock worth $162,017,000 after purchasing an additional 133,607 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Vail Resorts by 36.3% in the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after purchasing an additional 94,923 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Trading Down 3.9 %

Vail Resorts stock opened at $180.65 on Friday. Vail Resorts, Inc. has a 52 week low of $165.14 and a 52 week high of $242.47. The stock has a 50-day moving average price of $179.54 and a 200 day moving average price of $191.96. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned ($3.35) earnings per share. Sell-side analysts anticipate that Vail Resorts, Inc. will post 6.44 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.92%. Vail Resorts’s payout ratio is currently 120.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday. Barclays reduced their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday. Morgan Stanley raised their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Finally, Mizuho decreased their price target on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $211.75.

Vail Resorts 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.