GSA Capital Partners LLP lowered its position in shares of Peak Resorts Inc (NASDAQ:SKIS) by 45.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,275 shares of the company’s stock after selling 26,653 shares during the period. GSA Capital Partners LLP owned 0.23% of Peak Resorts worth $161,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Rutabaga Capital Management LLC MA raised its holdings in shares of Peak Resorts by 22.5% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,281,522 shares of the company’s stock valued at $6,408,000 after acquiring an additional 235,346 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Peak Resorts by 150.5% in the 1st quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock valued at $776,000 after acquiring an additional 96,241 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Peak Resorts by 40.4% in the 1st quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock valued at $198,000 after acquiring an additional 11,700 shares in the last quarter. Hedge funds and other institutional investors own 46.98% of the company’s stock.
Several analysts have weighed in on the company. ValuEngine raised Peak Resorts from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Zacks Investment Research cut Peak Resorts from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Finally, Stifel Nicolaus lowered their price target on Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Peak Resorts currently has an average rating of “Buy” and a consensus price target of $6.19.
NASDAQ:SKIS opened at $5.10 on Thursday. Peak Resorts Inc has a twelve month low of $4.10 and a twelve month high of $5.78. The stock has a market capitalization of $71.31 million, a price-to-earnings ratio of 71.43 and a beta of 1.18. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.67 and a current ratio of 0.72.
Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings results on Tuesday, September 11th. The company reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($0.04). Peak Resorts had a negative net margin of 1.41% and a negative return on equity of 0.63%. The business had revenue of $7.01 million during the quarter, compared to analysts’ expectations of $7.58 million. research analysts expect that Peak Resorts Inc will post -0.09 earnings per share for the current fiscal year.
Peak Resorts Profile
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.
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