Intrawest Resorts Holdings Inc. (SNOW) Receives $13.25 Consensus Target Price from Analysts
Shares of Intrawest Resorts Holdings Inc. (NYSE:SNOW) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.25.
Separately, Zacks Investment Research raised shares of Intrawest Resorts Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, September 13th.
Hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of Intrawest Resorts Holdings by 50.3% in the second quarter. Acrospire Investment Management LLC now owns 8,965 shares of the company’s stock worth $116,000 after buying an additional 2,999 shares during the period. Yakira Capital Management Inc. purchased a new stake in shares of Intrawest Resorts Holdings during the first quarter worth about $123,000. Coe Capital Management LLC purchased a new stake in shares of Intrawest Resorts Holdings during the second quarter worth about $141,000. Hancock Holding Co. increased its stake in shares of Intrawest Resorts Holdings by 4.4% in the second quarter. Hancock Holding Co. now owns 12,008 shares of the company’s stock worth $156,000 after buying an additional 505 shares during the period. Finally, Mesirow Financial Investment Management US Value Equity purchased a new stake in shares of Intrawest Resorts Holdings during the first quarter worth about $194,000. 93.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intrawest Resorts Holdings (NYSE:SNOW) opened at 16.44 on Wednesday. The firm has a 50-day moving average of $16.35 and a 200-day moving average of $12.81. The company has a market capitalization of $653.82 million, a P/E ratio of 17.49 and a beta of 0.98. Intrawest Resorts Holdings has a one year low of $6.95 and a one year high of $18.06.
Intrawest Resorts Holdings (NYSE:SNOW) last released its quarterly earnings data on Thursday, September 8th. The company reported ($1.49) EPS for the quarter, missing the consensus estimate of ($1.47) by $0.02. The business earned $65.05 million during the quarter, compared to analysts’ expectations of $58.29 million. Intrawest Resorts Holdings had a net margin of 7.16% and a return on equity of 16.89%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period last year, the company earned ($1.19) earnings per share. Analysts forecast that Intrawest Resorts Holdings will post $0.52 earnings per share for the current year.
About Intrawest Resorts Holdings
Intrawest Resorts Holdings, Inc is a mountain resort, adventure and real estate company. The Company operates through three segments: Mountain, Adventure and Real Estate. The Mountain segment includes its mountain resort and lodging operations at Steamboat, Winter Park, Tremblant, Stratton, Snowshoe and Blue Mountain.
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