GAMMA Investing LLC Purchases 43,051 Shares of Vail Resorts, Inc. (NYSE:MTN)

GAMMA Investing LLC grew its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 27,955.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,205 shares of the company's stock after purchasing an additional 43,051 shares during the quarter. GAMMA Investing LLC owned approximately 0.12% of Vail Resorts worth $6,914,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MTN. Blue Trust Inc. boosted its stake in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after purchasing an additional 148 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Vail Resorts by 17.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock worth $5,187,000 after acquiring an additional 4,080 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Vail Resorts by 18.1% during the fourth quarter. Bleakley Financial Group LLC now owns 3,796 shares of the company's stock worth $712,000 after acquiring an additional 582 shares in the last quarter. Entropy Technologies LP boosted its stake in Vail Resorts by 47.4% during the fourth quarter. Entropy Technologies LP now owns 4,537 shares of the company's stock worth $850,000 after acquiring an additional 1,458 shares in the last quarter. Finally, Equitable Trust Co. bought a new position in Vail Resorts during the fourth quarter worth $1,640,000. 94.94% of the stock is owned by institutional investors.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $150.26 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The stock's fifty day simple moving average is $145.63 and its two-hundred day simple moving average is $163.45. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The stock has a market cap of $5.61 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating the consensus estimate of $10.00 by $0.54. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.54 earnings per share. As a group, analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.91%. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial cut their target price 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. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday. Bank of America increased their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Macquarie cut their target price on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, Mizuho increased their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Vail Resorts presently has a consensus rating of "Hold" and a consensus target price of $188.80.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the business's stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

About Vail Resorts

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.

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