Vail Resorts, Inc. $MTN Stake Increased by DnB Asset Management AS

Key Points

• DnB Asset Management AS increased its stake in Vail Resorts, Inc. by 1.9%, now holding 181,011 shares valued at approximately $28.97 million.
• Several institutional investors, including First Pacific Advisors LP and TPG GP A LLC, significantly boosted their holdings in Vail Resorts during the first quarter.
• CFO Angela A. Korch bought 200 shares of the company stock, marking a 6.77% increase in her ownership, showing confidence in Vail Resorts' future prospects.

DnB Asset Management AS raised its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,011 shares of the company's stock after buying an additional 3,436 shares during the quarter. DnB Asset Management AS owned about 0.48% of Vail Resorts worth $28,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Michigan Retirement System raised its position in shares of Vail Resorts by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock worth $1,440,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Vail Resorts by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock worth $1,680,000 after purchasing an additional 100 shares during the period. Aurora Investment Managers LLC. raised its position in shares of Vail Resorts by 1.1% during the 1st quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock worth $1,522,000 after purchasing an additional 104 shares during the period. ProShare Advisors LLC raised its position in shares of Vail Resorts by 6.7% during the 4th quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock worth $328,000 after purchasing an additional 110 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Vail Resorts by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock worth $701,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Insider Activity at Vail Resorts

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MTN shares. 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. Mizuho increased their price objective on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Truist Financial decreased their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a report on Friday, June 6th. Bank of America increased 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. Finally, JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Price Performance

Shares of NYSE:MTN traded down $2.29 on Wednesday, reaching $145.10. 248,811 shares of the company traded hands, compared to its average volume of 657,575. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company's 50 day moving average is $157.88 and its 200-day moving average is $153.71. The stock has a market capitalization of $5.39 billion, a PE ratio of 18.56, a P/E/G ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54.

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.