Connor Clark & Lunn Investment Management Ltd. Purchases 9,208 Shares of Vail Resorts, Inc. (NYSE:MTN)

Connor Clark & Lunn Investment Management Ltd. grew its stake in Vail Resorts, Inc. (NYSE:MTN) by 325.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,035 shares of the company’s stock after buying an additional 9,208 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Vail Resorts were worth $2,098,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd raised its stake in shares of Vail Resorts by 66.7% during the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock valued at $111,000 after acquiring an additional 200 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Vail Resorts by 8.5% during the first quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after buying an additional 78 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Vail Resorts by 5.9% in the 1st quarter. Kennedy Capital Management LLC now owns 7,023 shares of the company’s stock worth $1,565,000 after purchasing an additional 394 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Vail Resorts by 28.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,689 shares of the company’s stock valued at $597,000 after buying an additional 590 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Vail Resorts by 1.0% in the 1st quarter. California State Teachers Retirement System now owns 61,727 shares of the company’s stock worth $13,755,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the transaction, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares of the company’s stock, valued at $43,284,216.78. The trade was a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Vail Resorts stock opened at $187.13 on Tuesday. The company’s 50 day simple moving average is $175.63 and its 200-day simple moving average is $179.75. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The firm had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter last year, the business earned ($3.35) earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Vail Resorts, Inc. will post 7.27 earnings per share for the current year.

Vail Resorts Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. UBS Group assumed coverage on Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. Morgan Stanley boosted their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $205.90.

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.