American Financial Group Inc. Maintains Stake in Peak Resorts Inc. (SKIS)
American Financial Group Inc. held its position in shares of Peak Resorts Inc. (NASDAQ:SKIS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,245,986 shares of the company’s stock at the end of the third quarter. American Financial Group Inc. owned approximately 8.91% of Peak Resorts worth $6,417,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SKIS. Emerald Acquisition Ltd. acquired a new stake in shares of Peak Resorts during the second quarter worth approximately $856,000. Bank of New York Mellon Corp raised its stake in shares of Peak Resorts by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 87,332 shares of the company’s stock worth $398,000 after buying an additional 5,989 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Peak Resorts by 5.6% in the second quarter. Vanguard Group Inc. now owns 190,415 shares of the company’s stock worth $869,000 after buying an additional 10,100 shares in the last quarter. 49.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Peak Resorts Inc. (NASDAQ:SKIS) traded down 2.08% during trading on Tuesday, reaching $4.70. 13,747 shares of the company were exchanged. The firm’s 50 day moving average price is $4.65 and its 200 day moving average price is $4.63. The company’s market capitalization is $65.72 million. Peak Resorts Inc. has a one year low of $2.60 and a one year high of $7.70.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.03. Peak Resorts had a negative return on equity of 6.17% and a negative net margin of 4.16%. The business had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $8.12 million. During the same period last year, the business earned ($0.51) EPS. The business’s revenue was up 31.5% on a year-over-year basis. Equities research analysts forecast that Peak Resorts Inc. will post $0.27 earnings per share for the current fiscal year.
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SKIS has been the topic of a number of research reports. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $7.00 price objective on shares of Peak Resorts in a research report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Peak Resorts from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a report on Tuesday, September 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $6.29.
About Peak Resorts
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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