Parr Mcknight Wealth Management Group LLC Raises Position in Vail Resorts, Inc. (NYSE:MTN)

Parr Mcknight Wealth Management Group LLC grew its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,528 shares of the company's stock after buying an additional 2,111 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Vail Resorts were worth $1,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MTN. Sterling Capital Management LLC raised its stake in Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after buying an additional 69 shares during the last quarter. Aurora Investment Managers LLC. raised its stake in Vail Resorts by 1.1% during the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after buying an additional 104 shares during the last quarter. ProShare Advisors LLC raised its stake in Vail Resorts by 6.7% during the fourth quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock valued at $328,000 after buying an additional 110 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Vail Resorts by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock valued at $701,000 after buying an additional 110 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch purchased 200 shares of the company's 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 completion of the purchase, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Stock Performance

NYSE:MTN traded down $0.45 during mid-day trading on Monday, hitting $164.43. 798,099 shares of the company traded hands, compared to its average volume of 600,854. The stock's fifty day moving average price is $154.69 and its 200-day moving average price is $158.47. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. Vail Resorts's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.54 earnings per share. Research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is 113.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MTN shares. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research note on Wednesday, May 28th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. Truist Financial decreased their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Mizuho boosted their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, Bank of America boosted their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.