Oppenheimer Holdings, Inc. Reiterates Buy Rating for Peak Resorts, Inc. (SKIS)
Peak Resorts, Inc. (NASDAQ:SKIS)‘s stock had its “buy” rating reaffirmed by investment analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Thursday. They currently have a $7.00 price target on the stock. Oppenheimer Holdings, Inc.’s price objective suggests a potential upside of 47.37% from the company’s current price. Oppenheimer Holdings also issued estimates for Peak Resorts’ Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $0.14 EPS and FY2019 earnings at $0.25 EPS.
Other analysts have also recently issued research reports about the company. FBR & Co restated a “buy” rating on shares of Peak Resorts in a report on Thursday. Stifel Nicolaus lowered their price target on Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, June 23rd. Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 24th. Macquarie cut Peak Resorts from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $5.00 in a report on Wednesday, July 19th. Finally, ValuEngine cut Peak Resorts from a “hold” rating to a “sell” rating in a report on Saturday, May 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.29.
Peak Resorts (SKIS) opened at 4.75 on Thursday. The firm has a market cap of $66.41 million, a PE ratio of 158.33 and a beta of 1.05. The firm has a 50-day moving average of $4.96 and a 200-day moving average of $5.14. Peak Resorts has a 52-week low of $3.90 and a 52-week high of $6.20.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.57) by $0.07. The business had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $7.22 million. Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.56) EPS. Equities analysts anticipate that Peak Resorts will post $0.12 EPS for the current year.
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In other news, major shareholder Cap 1 Llc bought 152,400 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was acquired at an average price of $4.82 per share, for a total transaction of $734,568.00. Following the acquisition, the insider now owns 1,416,013 shares of the company’s stock, valued at $6,825,182.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 803,753 shares of company stock valued at $4,165,497 in the last 90 days. 16.52% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Rutabaga Capital Management LLC MA grew its holdings in shares of Peak Resorts by 51.1% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock worth $5,133,000 after purchasing an additional 423,609 shares during the period. Vanguard Group Inc. grew its holdings in shares of Peak Resorts by 63.0% during the 2nd quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after purchasing an additional 162,100 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Peak Resorts by 5.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock worth $805,000 after purchasing an additional 9,704 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Peak Resorts by 56.5% during the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after purchasing an additional 46,801 shares during the period. Finally, Bard Associates Inc. grew its holdings in shares of Peak Resorts by 0.5% during the 1st quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 47.55% of the company’s stock.
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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