Kestra Investment Management LLC Purchases 4,274 Shares of Vail Resorts, Inc. $MTN

Key Points

• Kestra Investment Management LLC increased its holdings in Vail Resorts, Inc. by 81.9% in the first quarter, bringing the total value of its investments to approximately $1.52 million.
• A number of institutional investors, including Heck Capital Advisors and SouthState Corp, have made new investments or increased their stakes in Vail Resorts, with institutional ownership now at 94.90%.
• Vail Resorts reported $10.54 earnings per share for the last quarter, exceeding expectations, while its revenue was slightly below forecast at $1.30 billion.

Kestra Investment Management LLC increased its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 81.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,491 shares of the company's stock after acquiring an additional 4,274 shares during the period. Kestra Investment Management LLC's holdings in Vail Resorts were worth $1,519,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its holdings in Vail Resorts by 170.1% during the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after buying an additional 344,095 shares in the last quarter. First Pacific Advisors LP increased its stake in shares of Vail Resorts by 54.2% in the first quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after buying an additional 283,299 shares during the period. TPG GP A LLC increased its position in Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after purchasing an additional 172,082 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Vail Resorts in the 1st quarter worth about $20,315,000. Finally, Hsbc Holdings PLC increased its stake in shares of Vail Resorts by 9,378.0% in the 1st quarter. Hsbc Holdings PLC now owns 125,962 shares of the company's stock worth $20,018,000 after acquiring an additional 124,633 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the transaction, the chief financial officer owned 3,156 shares of the company's stock, valued at $495,492. This represents a 6.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

Vail Resorts Stock Performance

Shares of NYSE MTN traded down $2.80 during midday trading on Wednesday, hitting $144.59. 982,006 shares of the stock traded hands, compared to its average volume of 496,240. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The firm has a market capitalization of $5.37 billion, a P/E ratio of 18.85, a PEG ratio of 1.82 and a beta of 0.87. The firm has a 50-day moving average of $157.88 and a two-hundred day moving average of $153.71.

Analysts Set New Price Targets

Several research firms recently commented on MTN. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Truist Financial reduced their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, June 6th. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a research note on Wednesday, May 28th. Bank of America increased their target price on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, UBS Group lowered their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.