American Century Companies Inc. decreased its position in Peak Resorts, Inc. (NASDAQ:SKIS) by 55.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,583 shares of the company’s stock after selling 245,017 shares during the period. American Century Companies Inc. owned approximately 1.40% of Peak Resorts worth $1,105,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Pinnacle Associates Ltd. raised its stake in Peak Resorts by 15.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 78,219 shares of the company’s stock worth $434,000 after buying an additional 10,679 shares during the period. Renaissance Technologies LLC raised its position 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. Finally, Russell Investments Group Ltd. raised its position in shares of Peak Resorts by 8.7% in the first quarter. Russell Investments Group Ltd. now owns 186,713 shares of the company’s stock worth $1,055,000 after buying an additional 15,000 shares during the last quarter. 50.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of Peak Resorts, Inc. (NASDAQ:SKIS) opened at 4.20 on Friday. Peak Resorts, Inc. has a 52-week low of $3.86 and a 52-week high of $6.20. The stock has a 50 day moving average of $4.86 and a 200 day moving average of $5.44. The stock’s market capitalization is $58.72 million.
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A number of brokerages have recently commented on SKIS. Stifel Nicolaus decreased their price target on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday. ValuEngine cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. 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. FBR & Co reaffirmed a “buy” rating on shares of Peak Resorts in a research note on Tuesday, April 11th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $7.00 price target on shares of Peak Resorts in a research report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $6.55.
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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