Zacks Investment Research cut shares of Peak Resorts, Inc. (NASDAQ:SKIS) from a hold rating to a sell rating in a research report released on Wednesday.

According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “

SKIS has been the topic of several other reports. Stifel Nicolaus reiterated a buy rating on shares of Peak Resorts in a research report on Thursday, September 7th. Oppenheimer Holdings, Inc. reiterated a buy rating and set a $7.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. ValuEngine downgraded Peak Resorts from a hold rating to a sell rating in a research report on Saturday, May 27th. FBR & Co restated a buy rating and issued a $6.00 price objective on shares of Peak Resorts in a research report on Thursday, September 7th. Finally, Macquarie downgraded Peak Resorts from an outperform rating to a neutral rating and lowered their price objective for the company from $7.00 to $5.00 in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $6.13.

Shares of Peak Resorts (SKIS) opened at 4.35 on Wednesday. The company’s 50-day moving average price is $4.84 and its 200-day moving average price is $5.09. Peak Resorts has a one year low of $3.90 and a one year high of $6.20. The stock has a market cap of $60.82 million, a PE ratio of 145.00 and a beta of 1.05.

Peak Resorts (NASDAQ:SKIS) last released its earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.57) by ($0.07). The company had revenue of $7.50 million for 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%. Peak Resorts’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.56) earnings per share. Equities research analysts anticipate that Peak Resorts will post $0.08 earnings per share for the current year.

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In other Peak Resorts news, major shareholder Cap 1 Llc acquired 152,400 shares of the stock in a transaction dated Tuesday, July 18th. The shares were acquired at an average cost of $4.82 per share, for a total transaction of $734,568.00. Following the completion of the transaction, the insider now directly owns 1,416,013 shares of the company’s stock, valued at $6,825,182.66. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought 803,753 shares of company stock worth $4,165,497 over the last 90 days. Company insiders own 16.52% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Rutabaga Capital Management LLC MA purchased a new position in shares of Peak Resorts in the first quarter valued at about $4,680,000. Russell Investments Group Ltd. lifted its position in shares of Peak Resorts by 8.7% in the first quarter. Russell Investments Group Ltd. now owns 186,713 shares of the company’s stock valued at $1,055,000 after acquiring an additional 15,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Peak Resorts by 56.5% in the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after acquiring an additional 46,801 shares in the last quarter. Bard Associates Inc. lifted its position in shares of Peak Resorts by 0.5% in the first quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock valued at $673,000 after acquiring an additional 600 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in shares of Peak Resorts by 23.9% in the second quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock valued at $123,000 after acquiring an additional 5,808 shares in the last quarter. 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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Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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