Peak Resorts, Inc. (NASDAQ:SKIS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “

Several other research firms also recently commented on SKIS. FBR & Co reaffirmed a “buy” rating on shares of Peak Resorts in a research report on Tuesday, October 24th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $7.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. Macquarie downgraded Peak Resorts from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $5.00 in a research report on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating 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 target on shares of Peak Resorts in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Peak Resorts currently has an average rating of “Hold” and an average target price of $6.17.

Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing the 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 during the quarter, compared to analyst estimates of $7.22 million. During the same period in the previous year, the company posted ($0.56) EPS. Peak Resorts’s revenue for the quarter was up 5.6% compared to the same quarter last year.

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A number of large investors have recently modified their holdings of the stock. Rutabaga Capital Management LLC MA grew its position in Peak Resorts by 51.1% during the second quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock worth $5,133,000 after buying an additional 423,609 shares in the last quarter. Vanguard Group Inc. grew 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 worth $1,720,000 after buying an additional 162,100 shares in the last quarter. Russell Investments Group Ltd. grew its position in Peak Resorts by 5.2% during the second quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock worth $805,000 after buying an additional 9,704 shares in the last quarter. Renaissance Technologies LLC grew 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 worth $732,000 after buying an additional 46,801 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew 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 worth $413,000 after buying an additional 22,960 shares in the last quarter. 47.55% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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