Abel Hall LLC Makes New $244,000 Investment in Vail Resorts, Inc. (NYSE:MTN)

Abel Hall LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,524 shares of the company's stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in Vail Resorts in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC boosted its holdings in Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after buying an additional 123 shares during the period. Alpine Bank Wealth Management bought a new position in Vail Resorts in the 1st quarter worth approximately $40,000. GAMMA Investing LLC boosted its holdings in Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after buying an additional 116 shares during the period. Finally, GeoWealth Management LLC boosted its holdings in Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after buying an additional 180 shares during the period. 94.94% of the stock is owned by institutional investors.

Vail Resorts Trading Up 1.9%

Vail Resorts stock traded up $2.92 during trading hours on Friday, reaching $160.51. The stock had a trading volume of 468,460 shares, compared to its average volume of 610,139. The stock has a market cap of $5.96 billion, a PE ratio of 20.53, a PEG ratio of 1.94 and a beta of 0.91. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. 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 company has a fifty day simple moving average of $157.63 and a 200-day simple moving average of $157.25.

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, topping 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%. The company's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $9.54 EPS. Analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's payout ratio is currently 113.55%.

Insider Buying and Selling

In other news, CFO Angela A. Korch bought 200 shares of the firm's stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the acquisition, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on MTN. Bank of America increased their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Truist Financial lowered their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, UBS Group lowered their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $187.20.

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.