Bayforest Capital Ltd Makes New Investment in Vail Resorts, Inc. $MTN

Key Points

• Bayforest Capital Ltd has acquired 2,525 shares of Vail Resorts, Inc. (NYSE:MTN), valued at approximately $404,000, highlighting increased institutional interest in the company during the first quarter.
• Analysts have set new price targets for Vail Resorts, with Bank of America raising its target from $160.00 to $175.00 and a consensus price target of $187.20 from nine analysts.
• The stock currently trades at $144.59, with a 52-week high of $199.45 and has a market cap of $5.37 billion.

Bayforest Capital Ltd acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,525 shares of the company's stock, valued at approximately $404,000.

Several other large investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System grew its stake in Vail Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock worth $1,440,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Vail Resorts by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock valued at $1,680,000 after purchasing an additional 100 shares during the last quarter. Aurora Investment Managers LLC. grew its stake in shares of Vail Resorts by 1.1% during the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after purchasing an additional 104 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Vail Resorts by 6.7% during the fourth quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock valued at $328,000 after purchasing an additional 110 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Vail Resorts by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock valued at $701,000 after purchasing an additional 110 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Vail Resorts Price Performance

Shares of MTN stock opened at $144.59 on Thursday. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The stock has a market cap of $5.37 billion, a PE ratio of 18.49, a PEG ratio of 1.82 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The firm's 50 day moving average price is $157.48 and its two-hundred day moving average price is $153.65.

Analysts Set New Price Targets

MTN has been the topic of several research analyst reports. Bank of America increased their price target 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. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a research note on Wednesday, May 28th. Truist Financial reduced their price objective 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, Mizuho raised 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. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Vail Resorts has a consensus rating of "Hold" and a consensus price target of $187.20.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 200 shares of the business's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the acquisition, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Vail Resorts Company 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.

Want to see what other hedge funds are holding MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vail Resorts, Inc. (NYSE:MTN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.