Teacher Retirement System of Texas Invests $876,000 in Vail Resorts, Inc. (NYSE:MTN)

Teacher Retirement System of Texas acquired a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,473 shares of the company's stock, valued at approximately $876,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after acquiring an additional 25,916 shares during the period. Trexquant Investment LP bought a new position in shares of Vail Resorts during the 4th quarter worth $5,869,000. Sciencast Management LP bought a new position in shares of Vail Resorts during the 4th quarter worth $807,000. Blueshift Asset Management LLC grew its stake in shares of Vail Resorts by 493.8% during the 4th quarter. Blueshift Asset Management LLC now owns 7,619 shares of the company's stock worth $1,428,000 after acquiring an additional 6,336 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Vail Resorts by 27,955.2% during the 1st quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock worth $6,914,000 after purchasing an additional 43,051 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

MTN has been the topic of a number of recent research reports. Bank of America increased their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Mizuho raised their price target on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, June 6th. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a report on Wednesday, May 28th. Truist Financial lowered their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $187.20.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch acquired 200 shares of the company's stock in a transaction dated Friday, June 20th. The stock was purchased at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the purchase, the chief financial officer owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Vail Resorts Price Performance

Shares of NYSE MTN traded up $0.31 during trading hours on Friday, reaching $158.37. 235,856 shares of the stock traded hands, compared to its average volume of 697,345. The company has a market capitalization of $5.88 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company's 50-day simple moving average is $156.31 and its two-hundred day simple moving average is $158.08.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. Vail Resorts's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $9.54 EPS. Equities research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

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.