Shellback Capital LP Trims Position in Vail Resorts, Inc. $MTN

Key Points

• Shellback Capital LP significantly reduced its holdings in Vail Resorts by 81.3%, selling 36,600 shares and leaving them with a total of 8,400 shares worth $1.34 million.
• Multiple institutional investors have increased their stakes in Vail Resorts, with Point72 Asset Management L.P. leading the way by enhancing their holdings by 170.1%.
• Analysts have mixed ratings for Vail Resorts, with an average consensus rating of "Hold" and a target price of $187.20, while the company's last earnings report showed an EPS of $10.54, beating expectations.

Shellback Capital LP trimmed its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 81.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,400 shares of the company's stock after selling 36,600 shares during the period. Shellback Capital LP's holdings in Vail Resorts were worth $1,344,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. SouthState Corp bought a new position in shares of Vail Resorts during the 1st quarter worth approximately $29,000. Heck Capital Advisors LLC bought a new position in Vail Resorts during the fourth quarter worth $33,000. Golden State Wealth Management LLC boosted its position in 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 purchasing an additional 123 shares during the period. Alpine Bank Wealth Management bought a new position in Vail Resorts during the first quarter worth $40,000. Finally, GAMMA Investing LLC lifted its holdings 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 in the last quarter. 94.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group dropped their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th. Bank of America upped their target price on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Mizuho increased their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $187.20.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the business's stock in a transaction dated Friday, June 20th. The shares were purchased 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 $495,492. This represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

Shares of NYSE MTN traded up $3.12 during trading hours on Thursday, reaching $147.60. 599,368 shares of the stock traded hands, compared to its average volume of 661,249. 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 company's 50-day simple moving average is $157.48 and its two-hundred day simple moving average is $153.65. The company has a market capitalization of $5.48 billion, a P/E ratio of 18.87, a price-to-earnings-growth 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.

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.