Connor Clark & Lunn Investment Management Ltd. Grows Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 325.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,035 shares of the company’s stock after acquiring an additional 9,208 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Vail Resorts were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in shares of Vail Resorts by 507.3% in the second quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock valued at $2,050,000 after buying an additional 9,506 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Vail Resorts in the 2nd quarter worth approximately $1,486,000. Swedbank AB acquired a new position in Vail Resorts in the 1st quarter valued at $9,486,000. Virtu Financial LLC lifted its stake in shares of Vail Resorts by 114.3% during the 1st quarter. Virtu Financial LLC now owns 7,056 shares of the company’s stock worth $1,572,000 after purchasing an additional 3,763 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 165 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average cost of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the transaction, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. This trade represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MTN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. UBS Group started coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price for the company. Barclays cut their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. Morgan Stanley boosted their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus cut their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $205.90.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $187.13 on Tuesday. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 1.76 and a beta of 1.13. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The business has a fifty day simple moving average of $175.63 and a 200 day simple moving average of $179.75.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned ($3.35) EPS. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $2.22 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 4.75%. Vail Resorts’s payout ratio is 147.26%.

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.