Cap 1 Llc Acquires 144,512 Shares of Peak Resorts, Inc. (SKIS) Stock

Peak Resorts, Inc. (NASDAQ:SKIS) major shareholder Cap 1 Llc bought 144,512 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were bought at an average cost of $5.51 per share, with a total value of $796,261.12. Following the purchase, the insider now directly owns 1,656,013 shares of the company’s stock, valued at $9,124,631.63. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 Tuesday, July 18th, Cap 1 Llc bought 152,400 shares of Peak Resorts stock. The shares were bought at an average cost of $4.82 per share, with a total value of $734,568.00.
  • On Wednesday, July 19th, Cap 1 Llc acquired 417,400 shares of Peak Resorts stock. The shares were acquired at an average cost of $5.12 per share, with a total value of $2,137,088.00.

Peak Resorts, Inc. (NASDAQ:SKIS) traded up 0.89% during mid-day trading on Monday, hitting $5.65. 82,596 shares of the stock traded hands. The stock has a 50-day moving average of $4.40 and a 200 day moving average of $5.31. The firm has a market cap of $79.00 million, a price-to-earnings ratio of 188.33 and a beta of 0.91. Peak Resorts, Inc. has a 1-year low of $3.90 and a 1-year high of $6.20.

Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings results on Thursday, July 13th. The company reported $0.52 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 the consensus estimate of $51.78 million. Peak Resorts had a return on equity of 0.68% and a net margin of 0.36%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.50) EPS. On average, equities analysts expect 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. Investors of record on Thursday, July 27th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, July 25th. This represents a $0.28 dividend on an annualized basis and a yield of 5.00%. Peak Resorts’s dividend payout ratio is presently -200.00%.

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A number of large investors have recently modified their holdings of SKIS. Renaissance Technologies LLC increased 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 last quarter. Bard Associates Inc. raised its stake in 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 in the last quarter. Russell Investments Group Ltd. purchased a new stake in Peak Resorts during the fourth quarter worth approximately $927,000. Finally, Rutabaga Capital Management LLC MA purchased a new stake in Peak Resorts during the first quarter worth approximately $4,680,000. 50.08% of the stock is owned by institutional investors.

SKIS has been the subject of several research reports. FBR & Co reaffirmed a “buy” rating on shares of Peak Resorts in a research note on Tuesday, April 11th. 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 note on Friday, June 23rd. Zacks Investment Research raised shares of Peak Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th. Macquarie cut shares of Peak Resorts from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $5.00 in a research note on Wednesday, July 19th. Finally, ValuEngine cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Two research 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. The company has a consensus rating of “Hold” and a consensus target price of $6.29.

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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