Impala Asset Management LLC Makes New Investment in Vail Resorts, Inc. $MTN

Key Points

• Impala Asset Management LLC has acquired a new position in Vail Resorts, purchasing 7,000 shares valued at approximately $1.12 million during the first quarter, making Vail Resorts the 13th largest position in their portfolio.
• Several institutional investors, including Principal Financial Group and First Pacific Advisors LP, have increased their stakes in Vail Resorts, with First Pacific Advisors LP's stake rising by 54.2% in the first quarter.
• Analysts have mixed views on Vail Resorts, with a consensus rating of "Hold" and target prices ranging from $169 to $216, indicating a cautious outlook for the stock.

Impala Asset Management LLC bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,000 shares of the company's stock, valued at approximately $1,120,000. Vail Resorts accounts for 0.7% of Impala Asset Management LLC's holdings, making the stock its 13th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTN. Principal Financial Group Inc. raised its stake in Vail Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after acquiring an additional 5,788 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Vail Resorts by 7.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company's stock worth $206,252,000 after acquiring an additional 86,735 shares during the last quarter. TPG GP A LLC raised its stake in Vail Resorts by 19.9% in the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after acquiring an additional 172,082 shares during the last quarter. First Pacific Advisors LP raised its stake in Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after acquiring an additional 283,299 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after acquiring an additional 344,095 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group cut their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Mizuho raised their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their target price 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 raised their target price on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of "Hold" and a consensus target price of $187.20.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch bought 200 shares of the stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at approximately $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Trading Up 0.2%

MTN stock opened at $147.64 on Wednesday. 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, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.88 and a beta of 0.87. The business's 50-day moving average is $157.88 and its 200 day moving average is $153.71.

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.

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