Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Blume Capital Management Inc.

Blume Capital Management Inc. lifted its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 66,200.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,652 shares of the company's stock after acquiring an additional 2,648 shares during the quarter. Blume Capital Management Inc.'s holdings in Vail Resorts were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTN. Sterling Capital Management LLC lifted its position in Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after buying an additional 69 shares during the period. State of Michigan Retirement System increased its holdings in shares of Vail Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock valued at $1,440,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings 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 acquiring an additional 100 shares in the last quarter. Aurora Investment Managers LLC. increased its holdings 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 acquiring an additional 104 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings 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 acquiring an additional 110 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MTN. Truist Financial reduced their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a report on Friday, June 6th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Bank of America lifted their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. UBS Group reduced their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and an average target price of $187.20.

Vail Resorts Stock Performance

Vail Resorts stock traded up $2.92 during midday trading on Friday, hitting $160.51. 468,460 shares of the company were exchanged, compared to its average volume of 610,139. The firm has a market capitalization of $5.96 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The business has a fifty day simple moving average of $157.63 and a two-hundred day simple moving average of $157.25. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61.

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

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.53%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 200 shares of the business's stock in a transaction on 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 directly owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

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.