Peak Resorts, Inc. (NASDAQ:SKIS) major shareholder Cap 1 Llc purchased 72,180 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were purchased at an average cost of $5.56 per share, with a total value of $401,320.80. Following the completion of the purchase, the insider now owns 1,742,705 shares of the company’s stock, valued at approximately $9,689,439.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Cap 1 Llc also recently made the following trade(s):
- On Monday, July 24th, Cap 1 Llc purchased 17,180 shares of Peak Resorts stock. The shares were purchased at an average cost of $5.58 per share, with a total value of $95,864.40.
- On Friday, July 21st, Cap 1 Llc purchased 144,512 shares of Peak Resorts stock. The shares were purchased at an average cost of $5.51 per share, with a total value of $796,261.12.
- On Tuesday, July 18th, Cap 1 Llc purchased 152,400 shares of Peak Resorts stock. The shares were purchased at an average cost of $4.82 per share, with a total value of $734,568.00.
- On Wednesday, July 19th, Cap 1 Llc purchased 417,400 shares of Peak Resorts stock. The shares were purchased at an average cost of $5.12 per share, with a total value of $2,137,088.00.
Shares of Peak Resorts, Inc. (NASDAQ SKIS) opened at 5.10 on Friday. The firm’s 50-day moving average price is $4.53 and its 200-day moving average price is $5.31. Peak Resorts, Inc. has a 12 month low of $3.90 and a 12 month high of $6.20. The stock has a market capitalization of $71.31 million, a P/E ratio of 170.00 and a beta of 0.91.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings results on Thursday, July 13th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.09. The firm had revenue of $51.30 million for the quarter, compared to analysts’ expectations of $51.78 million. Peak Resorts had a return on equity of 0.68% and a net margin of 0.36%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.50) earnings per share. On average, equities research analysts forecast that Peak Resorts, Inc. will post $0.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, July 27th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, July 25th. This represents a $0.28 dividend on an annualized basis and a yield of 5.49%. Peak Resorts’s dividend payout ratio (DPR) is presently -200.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of SKIS. Russell Investments Group Ltd. acquired a new position in shares of Peak Resorts during the fourth quarter worth $927,000. Renaissance Technologies LLC raised its stake in shares of Peak Resorts by 19.0% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the company’s stock worth $460,000 after buying an additional 13,200 shares during the period. Bard Associates Inc. raised its stake in shares of Peak Resorts by 0.5% in the first quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after buying an additional 600 shares during the period. Rutabaga Capital Management LLC MA purchased a new stake in shares of Peak Resorts during the first quarter worth about $4,680,000. Finally, Spark Investment Management LLC purchased a new stake in shares of Peak Resorts during the second quarter worth about $251,000. 50.08% of the stock is owned by institutional investors.
SKIS has been the subject of a number of research reports. FBR & Co reissued a “buy” rating on shares of Peak Resorts in a research note on Tuesday, April 11th. Stifel Nicolaus dropped their price target on Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, June 23rd. Zacks Investment Research raised Peak Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th. Macquarie lowered Peak Resorts from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $5.00 in a research note on Wednesday, July 19th. Finally, ValuEngine downgraded Peak Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Peak Resorts presently has a consensus rating of “Hold” and an average target price of $6.29.
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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