Mountain Lake Investment Management LLC Makes New $320,000 Investment in Vail Resorts, Inc. $MTN

Key Points

• Mountain Lake Investment Management LLC has acquired a new position in Vail Resorts by purchasing 2,000 shares valued at approximately $320,000, making it the company's 28th largest holding.
• Vail Resorts recently reported earnings per share of $10.54, exceeding analysts' estimates of $10.00, while revenue for the quarter was slightly below expectations at $1.30 billion.
• Institutional ownership is high, with about 94.90% of the stock owned by hedge funds and other investors, indicating strong institutional interest in Vail Resorts.

Mountain Lake Investment Management LLC acquired a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,000 shares of the company's stock, valued at approximately $320,000. Vail Resorts accounts for approximately 0.3% of Mountain Lake Investment Management LLC's portfolio, making the stock its 28th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in MTN. SouthState Corp bought a new position in Vail Resorts during the 1st quarter worth $29,000. Heck Capital Advisors LLC bought a new position in Vail Resorts during the 4th quarter worth $33,000. Golden State Wealth Management LLC increased its stake in Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after acquiring an additional 123 shares during the period. Alpine Bank Wealth Management bought a new position in Vail Resorts during the 1st quarter worth $40,000. Finally, GAMMA Investing LLC increased its stake in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTN shares. Bank of America lifted their price target on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. UBS Group decreased their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. Mizuho lifted their price target on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, Truist Financial decreased their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $187.20.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 200 shares of Vail Resorts stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. The trade was 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 owned by corporate insiders.

Vail Resorts Price Performance

MTN stock traded up $2.27 during midday trading on Thursday, reaching $146.75. 262,299 shares of the stock were exchanged, compared to its average volume of 659,695. The stock has a market capitalization of $5.45 billion, a PE ratio of 18.77, a P/E/G ratio of 1.82 and a beta of 0.87. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The company has a fifty day moving average price of $157.48 and a 200 day moving average price of $153.65.

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.