California State Teachers Retirement System Buys 5,477,385 Shares of Vail Resorts, Inc. $MTN

Key Points

• California State Teachers Retirement System increased its Vail Resorts stake by 12,999.3%, acquiring 5.48 million additional shares to own 5.52 million shares, or approximately 15.49% of the company, valued at $751.5 million.
• Institutional ownership is substantial, with hedge funds and other institutions holding 94.9% of Vail Resorts’ shares. Bamco, BlackRock and Manufacturers Life Insurance Company were among the investors that initiated significant positions.
• Vail Resorts shares opened at $140.11, while analysts maintained a mixed outlook resulting in a consensus “Hold” rating and an average price target of $149.83.

California State Teachers Retirement System raised its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 12,999.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,519,521 shares of the company's stock after acquiring an additional 5,477,385 shares during the quarter. California State Teachers Retirement System owned approximately 15.49% of Vail Resorts worth $751,483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bamco Inc. NY bought a new stake in shares of Vail Resorts during the second quarter valued at approximately $889,971,000. BlackRock Inc. bought a new stake in shares of Vail Resorts in the 2nd quarter worth about $464,712,000. The Manufacturers Life Insurance Company purchased a new stake in Vail Resorts during the second quarter valued at approximately $131,418,000. HighTower Advisors LLC raised its holdings in Vail Resorts by 15,313.2% during the 4th quarter. HighTower Advisors LLC now owns 450,066 shares of the company's stock valued at $59,769,000 after buying an additional 447,146 shares during the period. Finally, Corient Private Wealth LP bought a new stake in shares of Vail Resorts in the 2nd quarter worth about $55,443,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Up 0.0%

MTN opened at $140.11 on Monday. The company has a 50-day moving average price of $145.70 and a 200 day moving average price of $136.82. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $163.34. The company has a market cap of $4.99 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 9.24 and a beta of 0.69. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MTN shares. UBS Group reissued a "neutral" rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Zacks Research raised shares of Vail Resorts from a "strong sell" rating to a "hold" rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $143.00 to $134.00 and set a "hold" rating on the stock in a report on Tuesday, June 9th. Stifel Nicolaus reduced their target price on shares of Vail Resorts from $172.00 to $167.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. Finally, Weiss Ratings raised Vail Resorts from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 28th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus 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.

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