Peak Resorts, Inc. (NASDAQ:SKIS) has received an average recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.33.

SKIS has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Stifel Nicolaus reaffirmed a “buy” rating on shares of Peak Resorts in a report on Thursday, September 7th. Oppenheimer reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Peak Resorts in a report on Thursday, September 7th. FBR & Co reaffirmed a “buy” rating on shares of Peak Resorts in a report on Tuesday, October 24th. Finally, ValuEngine raised shares of Peak Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 17th.

Peak Resorts (NASDAQ SKIS) remained flat at $$5.25 during mid-day trading on Monday. 16,300 shares of the company’s stock traded hands, compared to its average volume of 48,834. The firm has a market capitalization of $73.41, a PE ratio of -16.41 and a beta of 1.11. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 3.11. Peak Resorts has a fifty-two week low of $4.00 and a fifty-two week high of $6.20.

Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings data on Thursday, December 7th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.02). The business had revenue of $8.84 million during the quarter, compared to analysts’ expectations of $8.64 million. Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned ($0.57) earnings per share. analysts predict that Peak Resorts will post 0.05 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in Peak Resorts by 93.8% during the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after buying an additional 12,895 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in Peak Resorts by 148.8% during the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock valued at $326,000 after purchasing an additional 44,774 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in Peak Resorts by 29.5% during the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock valued at $413,000 after purchasing an additional 22,960 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Peak Resorts by 56.5% during the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after purchasing an additional 46,801 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Peak Resorts by 5.2% during the second quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock valued at $805,000 after purchasing an additional 9,704 shares in the last quarter. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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