Intrawest Resorts Holdings Inc. (SNOW) Given Consensus Rating of “Buy” by Brokerages
Intrawest Resorts Holdings Inc. (NYSE:SNOW) has earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $13.25.
Separately, Zacks Investment Research upgraded Intrawest Resorts Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, September 13th.
Several large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Intrawest Resorts Holdings by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,298 shares of the company’s stock valued at $744,000 after buying an additional 840 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Intrawest Resorts Holdings by 5.5% in the second quarter. Panagora Asset Management Inc. now owns 136,297 shares of the company’s stock valued at $1,769,000 after buying an additional 7,108 shares during the period. Coe Capital Management LLC bought a new stake in shares of Intrawest Resorts Holdings during the second quarter valued at about $141,000. TFS Capital LLC bought a new stake in shares of Intrawest Resorts Holdings during the second quarter valued at about $444,000. Finally, BlackRock Fund Advisors increased its stake in shares of Intrawest Resorts Holdings by 2.3% in the second quarter. BlackRock Fund Advisors now owns 415,009 shares of the company’s stock valued at $5,387,000 after buying an additional 9,401 shares during the period. Hedge funds and other institutional investors own 93.25% of the company’s stock.
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Intrawest Resorts Holdings (NYSE:SNOW) traded up 1.75% during midday trading on Wednesday, hitting $16.86. The stock had a trading volume of 90,517 shares. The stock has a market capitalization of $670.52 million, a PE ratio of 17.94 and a beta of 0.99. Intrawest Resorts Holdings has a 1-year low of $6.95 and a 1-year high of $18.06. The stock’s 50-day moving average is $16.27 and its 200-day moving average is $12.70.
Intrawest Resorts Holdings (NYSE:SNOW) last issued its quarterly earnings results on Thursday, September 8th. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.47) by $0.02. Intrawest Resorts Holdings had a net margin of 7.16% and a return on equity of 16.89%. The business earned $65.05 million during the quarter, compared to analyst estimates of $58.29 million. During the same period last year, the firm posted ($1.19) earnings per share. Intrawest Resorts Holdings’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Intrawest Resorts Holdings will post $0.52 EPS for the current fiscal year.
Intrawest Resorts Holdings Company Profile
Intrawest Resorts Holdings, Inc is a mountain resort, adventure and real estate company. The Company operates through three segments: Mountain, Adventure and Real Estate. The Mountain segment includes its mountain resort and lodging operations at Steamboat, Winter Park, Tremblant, Stratton, Snowshoe and Blue Mountain.
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