201 Shares in Vail Resorts, Inc. (NYSE:MTN) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 201 shares of the company’s stock, valued at approximately $45,000.

A number of other large investors also recently added to or reduced their stakes in MTN. Linden Thomas Advisory Services LLC raised its holdings in shares of Vail Resorts by 3.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,307 shares of the company’s stock valued at $706,000 after buying an additional 95 shares during the period. Duality Advisers LP purchased a new stake in Vail Resorts during the fourth quarter worth about $3,796,000. Handelsbanken Fonder AB increased its stake in Vail Resorts by 28.0% during the fourth quarter. Handelsbanken Fonder AB now owns 136,200 shares of the company’s stock worth $29,075,000 after purchasing an additional 29,800 shares during the period. abrdn plc lifted its position in shares of Vail Resorts by 16.1% during the fourth quarter. abrdn plc now owns 88,310 shares of the company’s stock worth $18,852,000 after purchasing an additional 12,241 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. boosted its stake in shares of Vail Resorts by 70.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after purchasing an additional 69 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MTN. Truist Financial reaffirmed a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research note on Friday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $263.00 price objective on shares of Vail Resorts in a research report on Friday, March 22nd. JPMorgan Chase & Co. reduced their price objective on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Finally, Morgan Stanley reduced their price target on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $260.11.

Insider Activity at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Vail Resorts Stock Up 0.8 %

Vail Resorts stock opened at $195.04 on Friday. The stock has a market cap of $7.41 billion, a PE ratio of 32.56, a P/E/G ratio of 2.14 and a beta of 1.14. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. The stock’s fifty day moving average is $219.48 and its two-hundred day moving average is $220.21. Vail Resorts, Inc. has a 1-year low of $188.43 and a 1-year high of $258.13.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. Vail Resorts’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $5.16 EPS. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.6 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $2.22 dividend. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 4.55%. Vail Resorts’s dividend payout ratio is presently 148.25%.

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.