PharVision Advisers LLC Acquires New Holdings in Vail Resorts, Inc. $MTN

Key Points

• PharVision Advisers LLC acquired a new position in Vail Resorts, purchasing 1,770 shares valued at approximately $283,000.
• Research analysts have recently adjusted their price targets for Vail Resorts, with a consensus target of $187.20 and ratings ranging from "Buy" to "Hold."
• Vail Resorts reported earnings of $10.54 per share, surpassing estimates, while its quarterly revenue increased by 1% year-over-year.

PharVision Advisers LLC bought a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,770 shares of the company's stock, valued at approximately $283,000.

A number of other institutional investors have also modified their holdings of MTN. SouthState Corp acquired a new position in shares of Vail Resorts in the 1st quarter valued at $29,000. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $33,000. Golden State Wealth Management LLC boosted its stake in shares of Vail Resorts by 102.5% during the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after buying an additional 123 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Vail Resorts during the first quarter worth about $40,000. Finally, GAMMA Investing LLC boosted its stake in shares of Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after buying an additional 116 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTN has been the topic of several recent research reports. Mizuho boosted their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research note on Friday, June 6th. 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. UBS Group dropped 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. Finally, Bank of America boosted their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $187.20.

Insider Activity

In related news, CFO Angela A. Korch purchased 200 shares of Vail Resorts stock in a transaction dated 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 transaction, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

Shares of MTN stock traded down $2.80 during midday trading on Wednesday, reaching $144.59. 982,003 shares of the company traded hands, compared to its average volume of 662,094. The firm's 50 day simple moving average is $157.88 and its two-hundred day simple moving average is $153.71. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year 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 firm has a market cap of $5.37 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87.

About Vail Resorts

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.