CANADA LIFE ASSURANCE Co Has $10.08 Million Stake in Vail Resorts, Inc. (NYSE:MTN)

CANADA LIFE ASSURANCE Co grew its stake in Vail Resorts, Inc. (NYSE:MTN) by 66.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,233 shares of the company’s stock after buying an additional 17,976 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Vail Resorts were worth $10,082,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MTN. Principal Financial Group Inc. lifted its holdings in Vail Resorts by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock worth $402,716,000 after purchasing an additional 17,432 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Vail Resorts by 5.9% in the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after buying an additional 24,456 shares during the last quarter. Norges Bank bought a new stake in shares of Vail Resorts during the 4th quarter worth $85,704,000. Dimensional Fund Advisors LP boosted its holdings in shares of Vail Resorts by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock worth $55,347,000 after buying an additional 6,336 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Vail Resorts by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 232,804 shares of the company’s stock valued at $49,697,000 after buying an additional 3,383 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 575 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $176.20 per share, with a total value of $101,315.00. Following the purchase, the chief financial officer now directly owns 1,171 shares in the company, valued at $206,330.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Stifel Nicolaus decreased their target price on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Barclays dropped their price target on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a research report on Friday, June 7th. JPMorgan Chase & Co. downgraded shares of Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $217.00 to $176.00 in a report on Friday, June 7th. Finally, Mizuho decreased their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $221.50.

Vail Resorts Stock Up 1.4 %

MTN opened at $181.09 on Friday. Vail Resorts, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $254.78. The company has a market capitalization of $6.81 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.81 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. The firm’s fifty day moving average price is $182.80 and its two-hundred day moving average price is $206.00.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing the consensus estimate of $9.94 by ($0.40). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. On average, analysts anticipate that Vail Resorts, Inc. will post 6.48 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were paid a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 4.90%. Vail Resorts’s dividend payout ratio is currently 120.82%.

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.