Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 11,670 Vail Resorts, Inc. (NYSE:MTN)

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired 11,670 shares of Vail Resorts, Inc. for approximately $1,867,000 during the 1st quarter.
• Vail Resorts declared a $2.22 quarterly dividend, yielding 5.8%, with a total annualized dividend of $8.88.
• The stock's recent market performance includes a 0.7% increase, with a market cap of $5.70 billion and a P/E ratio of 19.63.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 11,670 shares of the company's stock, valued at approximately $1,867,000.

Several other large investors have also bought and sold shares of the company. Accuvest Global Advisors bought a new stake in Vail Resorts during the 1st quarter valued at approximately $469,000. CenterBook Partners LP boosted its position in Vail Resorts by 329.7% during the 1st quarter. CenterBook Partners LP now owns 21,543 shares of the company's stock valued at $3,447,000 after acquiring an additional 16,530 shares in the last quarter. Deutsche Bank AG boosted its position in Vail Resorts by 17.2% during the 1st quarter. Deutsche Bank AG now owns 2,511 shares of the company's stock valued at $402,000 after acquiring an additional 369 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Vail Resorts by 7.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company's stock valued at $206,252,000 after acquiring an additional 86,735 shares in the last quarter. Finally, New Age Alpha Advisors LLC boosted its position in shares of Vail Resorts by 30.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,537 shares of the company's stock worth $406,000 after purchasing an additional 598 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 200 shares of the business's stock in a transaction on Friday, June 20th. The stock was acquired at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the purchase, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company's stock.

Vail Resorts Stock Up 0.7%

MTN stock opened at $153.49 on Friday. The stock has a market capitalization of $5.70 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.88 and a beta of 0.90. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The business has a fifty day moving average price of $156.95 and a 200-day moving average price of $154.61. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $9.54 EPS. Vail Resorts's revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio is presently 113.55%.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of analyst reports. Mizuho boosted their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a research report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Finally, Truist Financial dropped their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Vail Resorts presently has an average rating of "Hold" and a consensus price target of $187.20.

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.

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