Hodges Capital Management Inc. Buys Shares of 2,390 Vail Resorts, Inc. $MTN

Key Points

• Hodges Capital Management Inc. acquired 2,390 shares of Vail Resorts, valued at approximately $382,000, during the 1st quarter as disclosed in a recent SEC filing.
• Analysts have adjusted their price targets for Vail Resorts, with UBS Group lowering its target from $185 to $169, while Bank of America raised its target from $160 to $175.
• Vail Resorts experienced a 2.6% decrease in stock price recently, with its current trading at $143.62 despite having a market capitalization of $5.34 billion.

Hodges Capital Management Inc. bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,390 shares of the company's stock, valued at approximately $382,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its stake in Vail Resorts by 25.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock valued at $412,000 after acquiring an additional 523 shares during the period. GAMMA Investing LLC lifted its stake in Vail Resorts by 27,955.2% during the 1st quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock valued at $6,914,000 after acquiring an additional 43,051 shares during the period. Sequoia Financial Advisors LLC bought a new position in Vail Resorts during the 1st quarter valued at about $20,315,000. Principal Financial Group Inc. lifted its stake in Vail Resorts by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after acquiring an additional 5,788 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Vail Resorts in the 1st quarter worth approximately $5,543,000. Institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MTN shares. UBS Group lowered their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a research note on Wednesday, May 28th. 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 research note on Friday, June 6th. Bank of America increased their price objective 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. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $187.20.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch bought 200 shares of Vail Resorts stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of $157.00 per share, with a total value of $31,400.00. Following the acquisition, the chief financial officer owned 3,156 shares of the company's stock, 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 is accessible through this link. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Trading Down 2.6%

Vail Resorts stock opened at $143.62 on Friday. The firm has a 50 day moving average of $156.74 and a 200 day moving average of $153.48. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.82 and a beta of 0.87. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70.

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.