First Dallas Securities Inc. Purchases New Shares in Vail Resorts, Inc. $MTN

Key Points

• First Dallas Securities Inc. acquired a new position in Vail Resorts, purchasing 3,025 shares valued at approximately $484,000 in the 1st quarter.
• Insider trading activity included CFO Angela A. Korch buying 200 shares at $157.00 each, increasing her ownership by 6.77%.
• Vail Resorts reported earnings of $10.54 EPS for the last quarter, exceeding analysts' expectations of $10.00, while revenue increased by 1.0% year-over-year to $1.30 billion.

First Dallas Securities Inc. acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,025 shares of the company's stock, valued at approximately $484,000.

Other institutional investors have also bought and sold shares of the company. SouthState Corp acquired a new stake in Vail Resorts in the 1st quarter valued at $29,000. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts in the 4th quarter valued at $33,000. Golden State Wealth Management LLC boosted its stake in shares of Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Vail Resorts in the first quarter valued at about $40,000. Finally, GAMMA Investing LLC boosted its position 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 in the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Vail Resorts Trading Down 2.6%

Shares of Vail Resorts stock traded down $3.76 during midday trading on Friday, reaching $143.62. The company had a trading volume of 457,699 shares, compared to its average volume of 661,571. The firm has a market cap of $5.34 billion, a PE ratio of 18.37, a P/E/G ratio of 1.79 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, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The stock has a fifty day moving average price of $157.15 and a 200 day moving average price of $153.57.

Insider Activity

In related news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction dated Friday, June 20th. The shares were purchased at an average price 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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MTN has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a research report on Wednesday, May 28th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Truist Financial lowered their price objective on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft lowered 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 target price on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Vail Resorts currently has an average rating of "Hold" and a consensus price target of $187.20.

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.