Zacks Investment Research Lowers Peak Resorts, Inc. (SKIS) to Sell

Zacks Investment Research lowered shares of Peak Resorts, Inc. (NASDAQ:SKIS) from a hold rating to a sell rating in a research note released on Wednesday morning.

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. “

A number of other analysts also recently commented on SKIS. Oppenheimer Holdings, Inc. reissued a buy rating and set a $7.00 price objective 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. FBR & Co reissued a buy rating and set a $6.00 price objective on shares of Peak Resorts in a report on Thursday, September 7th. Macquarie downgraded shares of Peak Resorts from an outperform rating to a neutral rating and decreased their price objective for the stock from $7.00 to $5.00 in a report on Wednesday, July 19th. Finally, ValuEngine downgraded shares of Peak Resorts from a hold rating to a sell rating in a report on Saturday, May 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $6.13.

Peak Resorts (NASDAQ:SKIS) traded down 4.40% on Wednesday, hitting $4.35. 66,071 shares of the company traded hands. Peak Resorts has a 12 month low of $3.90 and a 12 month high of $6.20. The stock has a market cap of $60.82 million, a PE ratio of 145.00 and a beta of 1.05. The stock’s 50-day moving average is $4.84 and its 200 day moving average is $5.09.

Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $7.22 million. Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.56) EPS. Equities research analysts expect that Peak Resorts will post $0.08 earnings per share for the current fiscal year.

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In other Peak Resorts news, major shareholder Cap 1 Llc bought 152,400 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was bought at an average price of $4.82 per share, for a total transaction of $734,568.00. Following the completion of the transaction, the insider now owns 1,416,013 shares in the company, valued at approximately $6,825,182.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 803,753 shares of company stock valued at $4,165,497. 16.52% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in SKIS. Russell Investments Group Ltd. raised its position in Peak Resorts by 8.7% during the first quarter. Russell Investments Group Ltd. now owns 186,713 shares of the company’s stock worth $1,055,000 after acquiring an additional 15,000 shares during the last quarter. Renaissance Technologies LLC raised 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 acquiring an additional 46,801 shares during the last quarter. Bard Associates Inc. raised its position in Peak Resorts by 0.5% during the first quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after acquiring an additional 600 shares during the last quarter. Rutabaga Capital Management LLC MA acquired a new position in Peak Resorts during the first quarter worth about $4,680,000. Finally, Spark Investment Management LLC acquired a new position in Peak Resorts during the second quarter worth about $251,000. Institutional investors own 47.55% of the company’s stock.

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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Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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