2,334 Shares in Vail Resorts, Inc. (NYSE:MTN) Acquired by Isthmus Partners LLC

Isthmus Partners LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,334 shares of the company's stock, valued at approximately $373,000.

A number of other institutional investors also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in Vail Resorts in the fourth quarter valued at approximately $33,000. Golden State Wealth Management LLC lifted its stake in Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after buying an additional 123 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Vail Resorts in the first quarter valued at approximately $40,000. GAMMA Investing LLC lifted its stake in Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after buying an additional 116 shares during the last quarter. Finally, GeoWealth Management LLC lifted its stake in Vail Resorts by 162.2% in the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after buying an additional 180 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 0.2%

NYSE MTN traded down $0.35 during trading hours on Thursday, hitting $158.15. The company had a trading volume of 753,568 shares, compared to its average volume of 604,511. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.95 and a beta of 0.91. 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 firm's 50 day moving average is $156.31 and its 200 day moving average is $158.08.

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

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.61%. Vail Resorts's payout ratio is 113.55%.

Insider Activity at Vail Resorts

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial reduced their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research note on Friday, June 6th. UBS Group dropped their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. 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, Bank of America boosted their price target on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. One investment 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's stock. Based on data from MarketBeat, the company presently has an average 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.