Mirae Asset Global Investments Co. Ltd. Makes New $4.66 Million Investment in Vail Resorts, Inc. $MTN

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 33,960 shares of the company’s stock, valued at approximately $4,659,000. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Vail Resorts as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MTN. Anchor Investment Management LLC bought a new position in shares of Vail Resorts in the second quarter worth $32,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Vail Resorts in the second quarter worth about $36,000. Global Retirement Partners LLC purchased a new position in Vail Resorts during the 2nd quarter valued at $40,000. Signaturefd LLC grew its holdings in shares of Vail Resorts by 79.6% during the 3rd quarter. Signaturefd LLC now owns 361 shares of the company’s stock worth $50,000 after acquiring an additional 160 shares during the period. Finally, Western Wealth Management LLC bought a new position in shares of Vail Resorts in the 1st quarter worth about $54,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 1.7%

Shares of MTN opened at $158.42 on Friday. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $163.99. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 11.84 and a beta of 0.73. The stock has a 50 day moving average price of $143.88 and a 200 day moving average price of $138.71. The company has a debt-to-equity ratio of 5.57, a quick ratio of 0.68 and a current ratio of 0.80.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, topping the consensus estimate of ($5.35) by $0.01. The firm had revenue of $278.07 million for the quarter, compared to the consensus estimate of $269.30 million. Vail Resorts had a net margin of 5.20% and a return on equity of 22.82%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm posted ($5.08) earnings per share. Equities research analysts forecast that Vail Resorts, Inc. will post 5.51 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Thursday, October 8th were issued a $2.22 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.6%. Vail Resorts’s dividend payout ratio is currently 214.49%.

Wall Street Analyst Weigh In

MTN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $138.00 to $132.00 and set a “hold” rating on the stock in a research note on Tuesday, September 29th. LADENBURG THALM/SH SH assumed coverage on Vail Resorts in a research note on Tuesday, October 13th. They issued a “buy” rating and a $192.00 price objective on the stock. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Morgan Stanley decreased their price objective on shares of Vail Resorts from $147.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a research report on Friday, September 18th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $150.00.

Vail Resorts Profile

Vail Resorts, Inc is a mountain resort company that operates ski and summer resorts, lodging properties, restaurants, retail locations and ski and snowboard schools. Its business serves vacationers, season-pass holders and day visitors through a combination of resort operations, hospitality and recreational services.

The company’s portfolio includes well-known North American destinations such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb, Stowe and Heavenly.