Intrawest Resorts Holdings, Inc. (NYSE:SNOW) Stock Rating Lowered by BidaskClub
Intrawest Resorts Holdings, Inc. (NYSE:SNOW) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Sunday.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Intrawest Resorts Holdings from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a report on Wednesday, May 10th. Macquarie lowered shares of Intrawest Resorts Holdings from an “outperform” rating to a “neutral” rating in a report on Monday, April 10th.
Shares of Intrawest Resorts Holdings (NYSE SNOW) remained flat at $23.71 during trading on Friday. The company’s stock had a trading volume of 237,441 shares. Intrawest Resorts Holdings has a one year low of $13.70 and a one year high of $25.78. The firm has a market cap of $944.18 million, a P/E ratio of 28.26 and a beta of 1.09. The stock’s 50-day moving average price is $23.61 and its 200-day moving average price is $22.45.
Intrawest Resorts Holdings (NYSE:SNOW) last announced its quarterly earnings data on Thursday, May 4th. The company reported $3.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.74 by $0.06. Intrawest Resorts Holdings had a net margin of 5.64% and a return on equity of 13.38%. The firm had revenue of $334.89 million during the quarter, compared to analyst estimates of $321.24 million. During the same quarter in the prior year, the firm posted $4.08 earnings per share. Intrawest Resorts Holdings’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts expect that Intrawest Resorts Holdings will post $0.94 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Intrawest Resorts Holdings by 167.0% in the first quarter. JPMorgan Chase & Co. now owns 336,661 shares of the company’s stock worth $8,420,000 after buying an additional 210,559 shares during the last quarter. Renaissance Technologies LLC boosted its position in Intrawest Resorts Holdings by 10.1% in the first quarter. Renaissance Technologies LLC now owns 1,591,269 shares of the company’s stock worth $39,798,000 after buying an additional 146,000 shares during the last quarter. Bank of Montreal Can boosted its position in Intrawest Resorts Holdings by 77,869.8% in the second quarter. Bank of Montreal Can now owns 131,769 shares of the company’s stock worth $3,128,000 after buying an additional 131,600 shares during the last quarter. Dai Ichi Life Insurance Company Ltd bought a new position in Intrawest Resorts Holdings during the first quarter worth approximately $2,761,000. Finally, Spark Investment Management LLC bought a new position in Intrawest Resorts Holdings during the first quarter worth approximately $1,675,000. 96.87% of the stock is currently owned by institutional investors.
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. Its Mountain segment includes its mountain resort and lodging operations at Steamboat Ski & Resort (Steamboat) and Winter Park Resort (Winter Park); Stratton Mountain Resort (Stratton); Snowshoe Mountain Resort (Snowshoe); Mont Tremblant Resort (Tremblant), and Blue Mountain Ski Resort (Blue Mountain).
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