California State Teachers Retirement System boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,180 shares of the company’s stock after acquiring an additional 894 shares during the quarter. California State Teachers Retirement System’s holdings in Vail Resorts were worth $15,515,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Ltd. lifted its stake in shares of Vail Resorts by 12.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 312,565 shares of the company’s stock valued at $71,127,000 after purchasing an additional 35,134 shares during the period. Andra AP fonden lifted its holdings in shares of Vail Resorts by 10.1% during the third quarter. Andra AP fonden now owns 8,700 shares of the company’s stock worth $1,980,000 after buying an additional 800 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Vail Resorts by 99.2% in the third quarter. Stifel Financial Corp now owns 12,310 shares of the company’s stock valued at $2,803,000 after acquiring an additional 6,129 shares during the period. united american securities inc. d b a uas asset management boosted its position in shares of Vail Resorts by 11.0% in the third quarter. united american securities inc. d b a uas asset management now owns 12,906 shares of the company’s stock valued at $2,937,000 after acquiring an additional 1,275 shares during the period. Finally, SWS Partners grew its stake in shares of Vail Resorts by 6.8% in the third quarter. SWS Partners now owns 4,428 shares of the company’s stock worth $1,073,000 after acquiring an additional 282 shares during the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
MTN opened at $240.88 on Tuesday. The stock has a market cap of $9.68 billion, a PE ratio of 31.90, a P/E/G ratio of 2.04 and a beta of 0.71. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 0.88. Vail Resorts, Inc. has a 1 year low of $179.60 and a 1 year high of $286.40. The stock’s 50 day simple moving average is $237.03 and its 200-day simple moving average is $232.94.
MTN has been the topic of a number of research reports. Deutsche Bank set a $281.00 target price on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Friday, September 27th. Bank of America increased their price target on shares of Vail Resorts from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, September 27th. KeyCorp raised their price target on shares of Vail Resorts from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. ValuEngine upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Barclays upped their price objective on shares of Vail Resorts from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $247.26.
In other news, EVP James C. O’donnell sold 4,515 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $227.65, for a total transaction of $1,027,839.75. Following the sale, the executive vice president now directly owns 7,861 shares in the company, valued at approximately $1,789,556.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter A. Vaughn sold 500 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $226.63, for a total transaction of $113,315.00. Following the completion of the sale, the director now directly owns 8,615 shares in the company, valued at approximately $1,952,417.45. The disclosure for this sale can be found here. Insiders have sold a total of 13,641 shares of company stock valued at $3,120,591 over the last ninety days. 2.40% of the stock is owned by insiders.
Vail Resorts Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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