CANADA LIFE ASSURANCE Co Grows Position in Vail Resorts, Inc. (NYSE:MTN)

CANADA LIFE ASSURANCE Co increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 66.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 45,233 shares of the company's stock after purchasing an additional 17,976 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.12% of Vail Resorts worth $10,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PYA Waltman Capital LLC grew its holdings in Vail Resorts by 3.8% during the 1st quarter. PYA Waltman Capital LLC now owns 17,773 shares of the company's stock valued at $3,960,000 after purchasing an additional 655 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of Vail Resorts by 66.7% during the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company's stock valued at $111,000 after buying an additional 200 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of Vail Resorts by 146.3% during the first quarter. Edgestream Partners L.P. now owns 12,147 shares of the company's stock valued at $2,707,000 after buying an additional 7,216 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Vail Resorts by 44.8% in the first quarter. Orion Portfolio Solutions LLC now owns 6,523 shares of the company's stock worth $1,454,000 after buying an additional 2,017 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Vail Resorts during the 1st quarter worth approximately $397,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MTN shares. Barclays reduced their price target on shares of Vail Resorts from $201.00 to $161.00 and set an "underweight" rating on the stock in a research note on Friday, June 7th. Mizuho reduced their target price 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. JPMorgan Chase & Co. lowered Vail Resorts from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $217.00 to $176.00 in a report on Friday, June 7th. Stifel Nicolaus dropped their price objective on Vail Resorts from $262.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, June 7th. Finally, Morgan Stanley decreased their target price on Vail Resorts from $229.00 to $179.00 and set an "equal weight" rating for the company in a research report on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and a consensus price target of $221.50.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 575 shares of the business's stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $176.20 per share, with a total value of $101,315.00. Following the transaction, the chief financial officer now owns 1,171 shares of the company's stock, valued at $206,330.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

Vail Resorts Stock Up 2.1 %

Shares of MTN traded up $3.71 during mid-day trading on Friday, hitting $184.65. 393,036 shares of the company traded hands, compared to its average volume of 555,521. The company has a market capitalization of $6.95 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.81 and a beta of 1.14. 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 business has a 50 day moving average of $182.80 and a 200 day moving average of $206.00. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $254.78.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts' consensus estimates of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. Equities research analysts anticipate that Vail Resorts, Inc. will post 6.48 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts's dividend payout ratio (DPR) is currently 120.82%.

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.