Vail Resorts, Inc. $MTN Stock Position Reduced by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reduced its Vail Resorts stake by 3.8%, selling 1,596 shares and retaining 40,540 shares valued at approximately $5.5 million.
• Institutional investors and hedge funds own 94.9% of Vail Resorts, with Bamco and BlackRock establishing sizable new positions during the second quarter.
• Vail Resorts shares fell 1.1% to $139.01, while analysts maintained a consensus “Hold” rating with an average price target of $149.83.

California State Teachers Retirement System reduced its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,540 shares of the company's stock after selling 1,596 shares during the period. California State Teachers Retirement System owned about 0.11% of Vail Resorts worth $5,519,521 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bamco Inc. NY acquired a new stake in shares of Vail Resorts during the second quarter worth $889,971,000. BlackRock Inc. bought a new stake in Vail Resorts during the 2nd quarter valued at $464,712,000. Capital World Investors lifted its holdings in shares of Vail Resorts by 6.1% in the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company's stock worth $424,488,000 after acquiring an additional 182,982 shares during the last quarter. Oasis Management Co Ltd. lifted its holdings in Vail Resorts by 8.3% in the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company's stock worth $245,844,000 after buying an additional 141,500 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Vail Resorts by 26.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company's stock valued at $125,334,000 after purchasing an additional 201,750 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Trading Down 1.1%

NYSE:MTN traded down $1.50 during midday trading on Tuesday, reaching $139.01. 243,093 shares of the stock traded hands, compared to its average volume of 798,420. The stock has a market capitalization of $4.95 billion, a P/E ratio of 31.63, a PEG ratio of 9.24 and a beta of 0.69. The company has a fifty day moving average of $145.67 and a 200 day moving average of $136.81. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $163.34. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Wall Street Analyst Weigh In

MTN has been the topic of several research reports. Barclays cut their price target on Vail Resorts from $138.00 to $119.00 and set an "underweight" rating on the stock in a research note on Tuesday, June 9th. Mizuho set a $174.00 target price on Vail Resorts in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a "hold" rating for the company in a report on Tuesday, June 9th. Stifel Nicolaus cut their price target on Vail Resorts from $172.00 to $167.00 and set a "buy" rating for the company in a research note on Tuesday, June 9th. Finally, Truist Financial cut their price target on Vail Resorts from $212.00 to $195.00 and set a "buy" rating on the stock in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Vail Resorts presently has an average rating of "Hold" and an average target price of $149.83.

Vail Resorts Profile

Vail Resorts, Inc is a mountain resort company that operates a portfolio of ski and summer resorts, primarily in the United States, Canada and Australia. Its properties offer skiing, snowboarding and other outdoor recreational activities, along with lodging, dining, retail, equipment rentals, lessons and related guest services.

The company's resort portfolio includes well-known destinations such as Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Whistler Blackcomb in British Columbia; and Perisher in New South Wales, Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.