Mirae Asset Global Investments Co. Ltd. Has $5.34 Million Stock Holdings in Vail Resorts, Inc. $MTN

Key Points

• Mirae Asset Global Investments has increased its stake in Vail Resorts, Inc. by 11.3%, now holding approximately $5.34 million in stock.
• Vail Resorts reported a quarterly earnings miss with an EPS of ($5.08), falling short of expectations, while revenue was up 2.2% year-over-year.
• The company declared a quarterly dividend of $2.22 per share, reflecting a 5.7% yield, with a high payout ratio of 119.84%.

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 11.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,976 shares of the company's stock after acquiring an additional 3,447 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Vail Resorts worth $5,339,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its holdings in shares of Vail Resorts by 25.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock worth $412,000 after purchasing an additional 523 shares in the last quarter. GAMMA Investing LLC boosted its stake in Vail Resorts by 27,955.2% during the first quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock worth $6,914,000 after buying an additional 43,051 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Vail Resorts in the 1st quarter valued at $20,315,000. Principal Financial Group Inc. lifted its holdings in shares of Vail Resorts by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after acquiring an additional 5,788 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Vail Resorts during the 1st quarter valued at about $5,543,000. Institutional investors own 94.90% of the company's stock.

Vail Resorts Price Performance

Shares of MTN stock opened at $155.88 on Tuesday. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The stock has a market capitalization of $5.59 billion, a PE ratio of 21.04, a PEG ratio of 2.57 and a beta of 0.86. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 and a current ratio of 0.63. The stock's fifty day moving average is $152.83 and its 200-day moving average is $152.35.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The company had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. During the same quarter last year, the company earned ($4.67) EPS. The firm's quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, October 9th. Vail Resorts's dividend payout ratio is 119.84%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MTN. Mizuho dropped their price target on shares of Vail Resorts from $216.00 to $195.00 and set an "outperform" rating for the company in a research report on Tuesday, September 30th. Truist Financial dropped their target price on Vail Resorts from $244.00 to $237.00 and set a "buy" rating for the company in a report on Tuesday, September 30th. UBS Group decreased their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Bank of America cut their price objective on Vail Resorts from $175.00 to $165.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Vail Resorts in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $174.90.

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.

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