Stifel Nicolaus Reaffirms “Buy” Rating for Peak Resorts, Inc. (SKIS)
Peak Resorts, Inc. (NASDAQ:SKIS)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday.
A number of other research analysts also recently weighed in on SKIS. Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th. ValuEngine downgraded Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Macquarie downgraded Peak Resorts from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $5.00 in a research note on Wednesday, July 19th. FBR & Co restated a “buy” rating on shares of Peak Resorts in a research note on Thursday. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $7.00 price target on shares of Peak Resorts in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $6.29.
Shares of Peak Resorts (NASDAQ SKIS) traded down 5.05% during midday trading on Thursday, reaching $4.70. The company’s stock had a trading volume of 43,095 shares. 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 $5.00 and a 200-day moving average price of $5.15. The firm has a market cap of $65.72 million, a price-to-earnings ratio of 156.67 and a beta of 1.05.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.57) by $0.07. The company had revenue of $7.50 million during the quarter, compared to the consensus estimate of $7.22 million. Peak Resorts had a net margin of 0.36% and a return on equity of 0.68%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.56) earnings per share. Equities analysts expect that Peak Resorts will post $0.14 earnings per share for the current year.
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In other Peak Resorts news, major shareholder Cap 1 Llc bought 152,400 shares of Peak Resorts stock in a transaction dated Tuesday, July 18th. The stock was bought at an average cost of $4.82 per share, for a total transaction of $734,568.00. Following the purchase, the insider now owns 1,416,013 shares of the company’s stock, valued at approximately $6,825,182.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 803,753 shares of company stock valued at $4,165,497 over the last quarter. 16.52% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Rutabaga Capital Management LLC MA boosted its stake 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 acquiring an additional 423,609 shares during the period. Vanguard Group Inc. boosted its stake 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 acquiring an additional 162,100 shares during the period. Russell Investments Group Ltd. boosted its stake 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 acquiring an additional 9,704 shares during the period. Renaissance Technologies LLC boosted its stake 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 acquiring an additional 46,801 shares during the period. Finally, Bard Associates Inc. boosted its stake 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 acquiring an additional 600 shares during the period. Institutional investors own 47.55% of the company’s stock.
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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