FBR & Co Reiterates “Buy” Rating for Peak Resorts, Inc. (SKIS)
Peak Resorts, Inc. (NASDAQ:SKIS)‘s stock had its “buy” rating reaffirmed by equities researchers at FBR & Co in a research report issued on Thursday.
Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus lowered their target price on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, June 23rd. Zacks Investment Research upgraded shares of Peak Resorts from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 24th. Macquarie downgraded shares of Peak Resorts from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $5.00 in a report on Wednesday, July 19th. Finally, ValuEngine downgraded shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Saturday, May 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Peak Resorts currently has a consensus rating of “Hold” and an average price target of $6.29.
Shares of Peak Resorts (NASDAQ:SKIS) traded up 1.06% during trading on Thursday, hitting $4.75. 48,271 shares of the stock traded hands. Peak Resorts has a 52-week low of $3.90 and a 52-week high of $6.20. The company’s 50 day moving average is $4.96 and its 200 day moving average is $5.14. The firm has a market cap of $66.41 million, a PE ratio of 158.33 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by $0.07. Peak Resorts had a negative net margin of 0.20% and a negative return on equity of 0.38%. The company had revenue of $7.50 million during the quarter, compared to analysts’ expectations of $7.22 million. During the same quarter in the previous year, the firm posted ($0.56) earnings per share. Peak Resorts’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that Peak Resorts will post $0.12 EPS for the current year.
In related news, major shareholder Cap 1 Llc bought 17,180 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average cost of $5.58 per share, for a total transaction of $95,864.40. Following the completion of the acquisition, the insider now owns 1,742,705 shares in the company, valued at $9,724,293.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 803,753 shares of company stock valued at $4,165,497. 16.52% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in SKIS. Rutabaga Capital Management LLC MA acquired a new position in Peak Resorts during the first quarter valued at approximately $4,680,000. Vanguard Group Inc. lifted its position in Peak Resorts by 63.0% during the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after buying an additional 162,100 shares in the last quarter. Spark Investment Management LLC acquired a new position in Peak Resorts during the second quarter valued at approximately $251,000. Renaissance Technologies LLC lifted its position 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 buying an additional 46,801 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position 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 buying an additional 22,960 shares in the last quarter. 47.55% of the stock is currently owned by hedge funds and other institutional investors.
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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