Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,232 shares of the company's stock after purchasing an additional 4,080 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Vail Resorts worth $5,187,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MTN. Bamco Inc. NY lifted its position in shares of Vail Resorts by 2.7% in the third quarter. Bamco Inc. NY now owns 5,185,136 shares of the company's stock valued at $903,717,000 after acquiring an additional 136,328 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Vail Resorts by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company's stock valued at $201,263,000 after acquiring an additional 40,643 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Vail Resorts by 8.1% in the third quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company's stock valued at $119,734,000 after acquiring an additional 51,438 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Vail Resorts by 1.3% in the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company's stock valued at $113,252,000 after acquiring an additional 8,422 shares in the last quarter. Finally, River Road Asset Management LLC lifted its position in shares of Vail Resorts by 606.6% in the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company's stock valued at $59,487,000 after acquiring an additional 293,006 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Trading Down 0.6 %

MTN stock traded down $1.04 during midday trading on Wednesday, hitting $165.29. 344,658 shares of the company's stock were exchanged, compared to its average volume of 622,691. The business has a 50-day simple moving average of $180.58 and a two-hundred day simple moving average of $178.18. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $6.19 billion, a PE ratio of 27.46, a P/E/G ratio of 2.07 and a beta of 1.11. Vail Resorts, Inc. has a 1-year low of $164.35 and a 1-year high of $236.92.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($4.60) EPS. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a $2.22 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.37%. Vail Resorts's dividend payout ratio is presently 147.51%.

Wall Street Analysts Forecast Growth

MTN has been the topic of a number of analyst reports. Truist Financial reduced their price objective on Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price objective on Vail Resorts from $176.00 to $166.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Mizuho lifted their price objective on Vail Resorts from $222.00 to $227.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Barclays lifted their price objective on Vail Resorts from $155.00 to $165.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 10th. Finally, Macquarie lifted their price objective on Vail Resorts from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and an average target price of $204.50.

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.