Mirae Asset Global Investments Co. Ltd. Invests $3.22 Million in Vail Resorts, Inc. (NYSE:MTN)

Mirae Asset Global Investments Co. Ltd. bought a new position in Vail Resorts, Inc. (NYSE:MTN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,440 shares of the company’s stock, valued at approximately $3,218,000.

A number of other hedge funds have also added to or reduced their stakes in MTN. Principal Financial Group Inc. boosted its stake in Vail Resorts by 1.0% during the first quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock valued at $402,716,000 after buying an additional 17,432 shares during the period. Nordea Investment Management AB lifted its position in Vail Resorts by 2,451.9% during the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after purchasing an additional 400,941 shares during the last quarter. Norges Bank purchased a new position in Vail Resorts in the 4th quarter worth approximately $85,704,000. Dimensional Fund Advisors LP raised its position 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 valued at $55,347,000 after buying an additional 6,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Vail Resorts by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 232,804 shares of the company’s stock worth $49,697,000 after acquiring an additional 3,383 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

MTN has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, June 7th. JPMorgan Chase & Co. lowered Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $244.00 to $226.00 in a research note on Thursday, June 6th. Barclays dropped their price target on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research report on Friday, June 7th. Finally, Mizuho decreased their price objective 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 assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and an average price target of $221.50.

Vail Resorts Stock Up 1.8 %

Shares of Vail Resorts stock opened at $178.05 on Friday. The company’s 50 day moving average is $186.58 and its 200 day moving average is $208.35. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14. Vail Resorts, Inc. has a twelve month low of $165.14 and a twelve month high of $254.78. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04.

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

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Tuesday, June 25th. Vail Resorts’s payout ratio is 120.82%.

Insider Activity

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

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.