Intrawest Resorts Holdings Inc (NYSE:SNOW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors 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 note on Monday, April 10th.

Intrawest Resorts Holdings (NYSE SNOW) traded up 0.17% during midday trading on Thursday, hitting $23.75. 226,039 shares of the stock traded hands. The company has a market cap of $945.77 million, a price-to-earnings ratio of 28.31 and a beta of 1.08. The firm’s 50-day moving average is $23.69 and its 200-day moving average is $23.34. Intrawest Resorts Holdings has a 52-week low of $13.70 and a 52-week high of $25.78.

Intrawest Resorts Holdings (NYSE:SNOW) last released its quarterly earnings data on Thursday, May 4th. The company reported $3.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.74 by $0.06. Intrawest Resorts Holdings had a net margin of 46.98% and a return on equity of 234.87%. The company had revenue of $334.89 million during the quarter, compared to analyst estimates of $321.24 million. During the same period in the prior year, the firm earned $4.08 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts predict that Intrawest Resorts Holdings will post $0.94 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Intrawest Resorts Holdings during the fourth quarter worth $1,062,000. Dimensional Fund Advisors LP raised its stake in Intrawest Resorts Holdings by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 672,115 shares of the company’s stock valued at $11,998,000 after buying an additional 41,222 shares during the last quarter. AQR Capital Management LLC raised its stake in Intrawest Resorts Holdings by 241.0% in the fourth quarter. AQR Capital Management LLC now owns 34,515 shares of the company’s stock valued at $616,000 after buying an additional 24,394 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Intrawest Resorts Holdings during the first quarter valued at approximately $124,000. Finally, JPMorgan Chase & Co. raised its stake in Intrawest Resorts Holdings by 167.0% in the first quarter. JPMorgan Chase & Co. now owns 336,661 shares of the company’s stock valued at $8,420,000 after buying an additional 210,559 shares during the last quarter. 97.06% of the stock is 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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