Isthmus Partners LLC Invests $373,000 in Vail Resorts, Inc. (NYSE:MTN)

Isthmus Partners LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,334 shares of the company's stock, valued at approximately $373,000.

Several other large investors also recently added to or reduced their stakes in MTN. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts in the fourth quarter worth $33,000. Golden State Wealth Management LLC increased its stake in shares of Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Vail Resorts in the first quarter worth $40,000. GAMMA Investing LLC increased its stake in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after acquiring an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC increased its stake in shares of Vail Resorts by 162.2% in the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after acquiring an additional 180 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

Vail Resorts Stock Performance

NYSE:MTN traded down $3.96 during midday trading on Tuesday, reaching $160.15. The stock had a trading volume of 660,576 shares, compared to its average volume of 602,114. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The firm's fifty day simple moving average is $155.63 and its 200-day simple moving average is $158.30. 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 stock has a market capitalization of $5.95 billion, a P/E ratio of 20.48, a PEG ratio of 2.02 and a beta of 0.91.

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

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were issued a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.54%. Vail Resorts's payout ratio is 113.55%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Truist Financial reduced their price objective on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Bank of America lifted their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Finally, Mizuho lifted their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and a consensus target price 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.