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

GAMMA Investing LLC boosted its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 27,955.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts in the 4th quarter worth about $33,000. Blue Trust Inc. grew its holdings in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after purchasing an additional 148 shares during the period. GeoWealth Management LLC increased its stake in shares of Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after purchasing an additional 180 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Vail Resorts during the fourth quarter valued at approximately $92,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Vail Resorts in the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MTN shares. 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 research report on Wednesday. Macquarie lowered their price target on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Bank of America lifted 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. Truist Financial cut their price target 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. Finally, Barclays reissued an "underweight" rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Price Performance

Shares of NYSE MTN traded up $1.66 during midday trading on Thursday, reaching $153.63. The stock had a trading volume of 728,344 shares, compared to its average volume of 579,694. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The stock has a 50-day moving average of $145.66 and a 200-day moving average of $163.13. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $9.54 EPS. Vail Resorts's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate 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. Stockholders of record on Tuesday, June 24th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts's payout ratio is currently 113.55%.

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.