Peak Resorts, Inc. (SKIS) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Peak Resorts, Inc. (NASDAQ:SKIS) have earned an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.20.
Several analysts recently commented on SKIS shares. Macquarie downgraded shares of Peak Resorts from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $5.00 in a research report on Wednesday, July 19th. Stifel Nicolaus cut their price objective on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, June 23rd. FBR & Co reissued a “buy” rating and set a $6.00 price objective on shares of Peak Resorts in a research report on Thursday, September 7th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $7.00 price objective on shares of Peak Resorts in a research report on Thursday, September 7th. Finally, Robert W. Baird reissued a “buy” rating and set a $6.00 price objective on shares of Peak Resorts in a research report on Tuesday, September 19th.
Peak Resorts (NASDAQ:SKIS) traded down 1.08% on Wednesday, hitting $4.60. 15,133 shares of the company were exchanged. Peak Resorts has a 52 week low of $3.90 and a 52 week high of $6.20. The company has a 50 day moving average price of $4.56 and a 200-day moving average price of $4.90. The stock’s market capitalization is $64.32 million.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $7.22 million. During the same period last year, the company posted ($0.56) earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Peak Resorts will post $0.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Thursday, October 26th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 6.09%. The ex-dividend date is Wednesday, October 25th. Peak Resorts’s dividend payout ratio is currently -127.27%.
In related news, major shareholder Cap 1 Llc bought 17,180 shares of the stock in a transaction on Monday, July 24th. The shares were acquired at an average price of $5.58 per share, for a total transaction of $95,864.40. Following the purchase, the insider now owns 1,742,705 shares of the company’s stock, valued at $9,724,293.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 803,753 shares of company stock worth $4,165,497 in the last 90 days. Company insiders own 16.52% of the company’s stock.
Several large investors have recently modified their holdings of the company. Bard Associates Inc. lifted its stake in shares of Peak Resorts by 0.5% in the 1st quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after purchasing an additional 600 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of Peak Resorts by 23.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after purchasing an additional 5,808 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Peak Resorts by 5.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock worth $805,000 after purchasing an additional 9,704 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Peak Resorts by 29.5% in the 2nd quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after purchasing an additional 22,960 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Peak Resorts by 56.5% in the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after purchasing an additional 46,801 shares during the period. Hedge funds and other institutional investors own 47.55% of the company’s stock.
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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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