Peak Resorts, Inc. (SKIS) Receives Average Rating of “Hold” from Analysts
Shares of Peak Resorts, Inc. (NASDAQ:SKIS) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.25.
Several research firms recently weighed in on SKIS. Stifel Nicolaus dropped their price objective on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, June 23rd. Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 27th. ValuEngine cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. Macquarie cut shares of Peak Resorts from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $5.00 in a research report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $7.00 price objective on shares of Peak Resorts in a research report on Thursday, September 7th.
In other Peak Resorts news, major shareholder Cap 1 Llc bought 17,180 shares of the stock in a transaction on Monday, July 24th. The stock was purchased at an average price of $5.58 per share, with a total value of $95,864.40. Following the acquisition, the insider now owns 1,742,705 shares of the company’s stock, valued at $9,724,293.90. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 803,753 shares of company stock valued at $4,165,497 in the last ninety days. Company insiders own 16.52% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bard Associates Inc. grew its holdings in 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. Essex Investment Management Co. LLC grew its holdings in Peak Resorts by 23.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after acquiring an additional 5,808 shares during the period. Russell Investments Group Ltd. grew its holdings in 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. Pinnacle Associates Ltd. grew its holdings in Peak Resorts by 29.5% during the 2nd quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after acquiring an additional 22,960 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in 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. 47.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Peak Resorts (NASDAQ SKIS) traded down 4.40% during trading on Friday, reaching $4.35. The company’s stock had a trading volume of 66,071 shares. Peak Resorts has a 12 month low of $3.90 and a 12 month high of $6.20. The company has a market capitalization of $60.82 million, a P/E ratio of 145.00 and a beta of 1.05. The company’s 50-day moving average is $4.84 and its 200-day moving average is $5.09.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.07). Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. The company had revenue of $7.50 million during the quarter, compared to the consensus estimate of $7.22 million. During the same quarter last year, the firm earned ($0.56) EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts forecast that Peak Resorts will post $0.08 EPS for the current fiscal year.
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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.
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