ValuEngine upgraded shares of Peak Resorts, Inc. (NASDAQ:SKIS) from a sell rating to a hold rating in a report issued on Friday.
A number of other equities research analysts have also recently commented on SKIS. Zacks Investment Research raised shares of Peak Resorts from a sell rating to a hold rating in a report on Tuesday, August 22nd. FBR & Co reissued a buy rating and set a $6.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Oppenheimer Holdings, Inc. reissued a buy rating and set a $7.00 target price on shares of Peak Resorts in a report on Thursday, September 7th. Stifel Nicolaus reissued a buy rating on shares of Peak Resorts in a report on Thursday, September 7th. Finally, Robert W. Baird reissued a buy rating and set a $6.00 target price on shares of Peak Resorts in a report on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Peak Resorts currently has a consensus rating of Buy and a consensus price target of $6.17.
Peak Resorts (NASDAQ:SKIS) traded up $0.12 during trading hours on Friday, hitting $5.25. 25,166 shares of the company were exchanged, compared to its average volume of 37,556. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 2.77. Peak Resorts has a 52 week low of $4.00 and a 52 week high of $6.20.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.07). The company had revenue of $7.50 million during the quarter, compared to the consensus estimate of $7.22 million. Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.56) EPS. sell-side analysts expect that Peak Resorts will post 0.05 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Thursday, October 26th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, October 25th. This represents a $0.28 dividend on an annualized basis and a yield of 5.33%. Peak Resorts’s payout ratio is -147.37%.
Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Peak Resorts by 93.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock valued at $116,000 after acquiring an additional 12,895 shares during the period. Essex Investment Management Co. LLC increased its holdings in shares of Peak Resorts by 23.9% in the second 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. Spark Investment Management LLC bought a new position in shares of Peak Resorts in the second quarter worth $251,000. Pinnacle Associates Ltd. increased its holdings in shares of Peak Resorts by 29.5% in the second 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 increased its holdings in shares of Peak Resorts by 56.5% in the first 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. 46.71% of the stock is currently owned by institutional investors and hedge funds.
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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