Intrawest Resorts Holdings, Inc. (NYSE:SNOW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, July 6th.

According to Zacks, “Intrawest Resorts Holdings, Inc. operates as a mountain resort and adventure company which delivers vacation and travel experiences to its customers. The company also involved in adventure travel business as well as real estate business, through which it manages, markets and sells vacation club properties; manages condominium hotel properties; sells and markets residential real estate. Intrawest Resorts Holdings, Inc. is headquartered in Denver, Colorado. “

Separately, Macquarie lowered shares of Intrawest Resorts Holdings from an “outperform” rating to a “neutral” rating in a research report on Monday, April 10th.

Shares of Intrawest Resorts Holdings (NYSE:SNOW) traded up 0.021% during mid-day trading on Thursday, hitting $23.715. The company had a trading volume of 60,544 shares. Intrawest Resorts Holdings has a 12 month low of $13.70 and a 12 month high of $25.78. The firm has a 50-day moving average price of $23.67 and a 200 day moving average price of $22.98. The firm has a market capitalization of $944.38 million, a P/E ratio of 28.266 and a beta of 1.09.

Intrawest Resorts Holdings (NYSE:SNOW) last released its quarterly earnings results 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 company had revenue of $334.89 million during the quarter, compared to analysts’ expectations of $321.24 million. During the same period in the prior year, the company earned $4.08 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Intrawest Resorts Holdings will post $0.94 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC acquired a new position in shares of Intrawest Resorts Holdings during the first quarter worth about $124,000. Alliancebernstein L.P. acquired a new position in shares of Intrawest Resorts Holdings during the first quarter worth about $208,000. Suntrust Banks Inc. purchased a new position in shares of Intrawest Resorts Holdings during the first quarter worth $212,000. American International Group Inc. boosted its position in shares of Intrawest Resorts Holdings by 7.1% in the first quarter. American International Group Inc. now owns 9,920 shares of the company’s stock worth $248,000 after buying an additional 660 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of Intrawest Resorts Holdings during the first quarter worth $310,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.

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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