GAMMA Investing LLC Purchases 56 Shares of Vail Resorts, Inc. (NYSE:MTN)

GAMMA Investing LLC lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 27.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257 shares of the company’s stock after buying an additional 56 shares during the quarter. GAMMA Investing LLC’s holdings in Vail Resorts were worth $57,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Park Place Capital Corp increased its position in Vail Resorts by 531.6% during the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Rise Advisors LLC increased its holdings in Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 61 shares during the period. Quarry LP bought a new position in Vail Resorts in the fourth quarter worth approximately $35,000. Desjardins Global Asset Management Inc. lifted its holdings in Vail Resorts by 70.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after buying an additional 69 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its position in Vail Resorts by 534.5% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 349 shares of the company’s stock valued at $75,000 after acquiring an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $217.00 to $176.00 in a research note on Friday, June 7th. Stifel Nicolaus lowered their price target on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Morgan Stanley reduced their price objective on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, June 7th. Mizuho lowered their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average target price of $221.50.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 575 shares of the stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $176.20 per share, with a total value of $101,315.00. Following the completion of the acquisition, the chief financial officer now owns 1,171 shares in the company, valued at $206,330.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Shares of MTN opened at $181.51 on Tuesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. The company’s fifty day moving average price is $193.61 and its 200-day moving average price is $212.78. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $254.78. The firm has a market capitalization of $6.83 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.90 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.31 billion. On average, equities research analysts predict that Vail Resorts, Inc. will post 6.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Vail Resorts Company 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.