Focus Partners Wealth Reduces Holdings in Vail Resorts, Inc. $MTN

Key Points

• Focus Partners Wealth reduced its holdings in Vail Resorts, Inc. by 7.2% in the first quarter, selling 8,447 shares to own a total of 108,897 shares now worth approximately $17.67 million.
• Insider activity included CFO Angela A. Korch acquiring 200 shares at an average price of $157.00, increasing her position by 6.77%.
• Analysts have mixed views on Vail Resorts, with target price adjustments from Deutsche Bank and UBS lowering their targets, while Bank of America raised theirs, resulting in an average "Hold" rating with a consensus target price of $187.20.

Focus Partners Wealth trimmed its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,897 shares of the company's stock after selling 8,447 shares during the quarter. Focus Partners Wealth owned 0.29% of Vail Resorts worth $17,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of MTN. SouthState Corp purchased a new position in Vail Resorts during the first quarter worth $29,000. Heck Capital Advisors LLC bought a new stake in shares of Vail Resorts in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC raised its holdings in shares of Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Vail Resorts in the first quarter valued at about $40,000. Finally, GAMMA Investing LLC raised its holdings in Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after purchasing an additional 116 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Angela A. Korch acquired 200 shares of the business'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 directly owned 3,156 shares in the company, valued at $495,492. The trade was a 6.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Stock Performance

MTN opened at $143.62 on Friday. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The company has a market cap of $5.34 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87. The firm's 50-day moving average price is $156.74 and its 200-day moving average price is $153.48.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. UBS Group reduced their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Bank of America boosted their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, Truist Financial cut 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. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.

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.