Stifel Nicolaus Reaffirms “Buy” Rating for Peak Resorts, Inc. (SKIS)
SKIS has been the topic of several other research reports. Zacks Investment Research upgraded Peak Resorts from a sell rating to a hold rating in a research note on Tuesday, August 22nd. ValuEngine cut Peak Resorts from a hold rating to a sell rating in a research note on Saturday, May 27th. Oppenheimer Holdings, Inc. restated a buy rating and issued a $7.00 target price on shares of Peak Resorts in a research note on Thursday. FBR & Co reaffirmed a buy rating on shares of Peak Resorts in a research report on Thursday. Finally, Macquarie lowered Peak Resorts from an outperform rating to a neutral rating and lowered their price target for the stock from $7.00 to $5.00 in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $6.29.
Peak Resorts (NASDAQ SKIS) opened at 4.75 on Thursday. The firm has a market cap of $66.41 million, a P/E ratio of 158.33 and a beta of 1.05. Peak Resorts has a 12-month low of $3.90 and a 12-month high of $6.20. The company has a 50-day moving average price of $4.96 and a 200-day moving average price of $5.14.
Peak Resorts (NASDAQ:SKIS) last released its earnings results on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.57) by $0.07. The firm had revenue of $7.50 million during the quarter, compared to the consensus estimate of $7.22 million. Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.56) EPS. On average, analysts predict that Peak Resorts will post $0.12 earnings per share for the current year.
In related news, major shareholder Cap 1 Llc purchased 72,180 shares of the stock in a transaction on Tuesday, July 25th. The shares were purchased at an average price of $5.56 per share, with a total value of $401,320.80. Following the transaction, the insider now directly owns 1,742,705 shares of the company’s stock, valued at $9,689,439.80. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired a total of 803,753 shares of company stock worth $4,165,497 in the last ninety days. Insiders own 16.52% of the company’s stock.
Large investors have recently bought and sold shares of the business. Essex Investment Management Co. LLC increased its position in shares of Peak Resorts by 23.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after purchasing an additional 5,808 shares during the last quarter. Spark Investment Management LLC acquired a new position in shares of Peak Resorts during the 2nd quarter worth approximately $251,000. Pinnacle Associates Ltd. increased its position in shares of Peak Resorts by 29.5% during the 2nd quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after purchasing an additional 22,960 shares during the last quarter. Bard Associates Inc. increased its position 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 last quarter. Finally, Renaissance Technologies LLC increased its position 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 last quarter. 47.55% of the stock is currently owned by hedge funds and other institutional investors.
Peak Resorts Company Profile
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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