Peak Resorts (SKIS) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Peak Resorts (NASDAQ:SKIS) from a buy rating to a hold rating in a report published on Thursday.

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 research analysts also recently commented on the stock. Stifel Nicolaus reaffirmed a buy rating on shares of Peak Resorts in a research report on Thursday, September 7th. Oppenheimer reaffirmed a buy rating and set a $7.00 price objective on shares of Peak Resorts in a research report on Thursday, September 7th. FBR & Co reaffirmed a buy rating on shares of Peak Resorts in a research report on Tuesday, October 24th. ValuEngine raised shares of Peak Resorts from a sell rating to a hold rating in a research report on Friday, November 17th. Finally, B. Riley reaffirmed a buy rating and set a $6.00 price objective on shares of Peak Resorts in a research report on Friday, December 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $6.22.

Peak Resorts (NASDAQ SKIS) traded up $0.10 during mid-day trading on Thursday, hitting $5.20. 106,344 shares of the stock were exchanged, compared to its average volume of 24,632. Peak Resorts has a twelve month low of $4.00 and a twelve month high of $6.20. The company has a current ratio of 0.79, a quick ratio of 1.22 and a debt-to-equity ratio of 3.11.

Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings results on Thursday, December 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.83%. The firm had revenue of $8.84 million for the quarter, compared to analyst estimates of $8.64 million. During the same quarter in the prior year, the firm earned ($0.57) EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. equities research analysts anticipate that Peak Resorts will post 0.05 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in SKIS. Dimensional Fund Advisors LP grew its position in Peak Resorts by 93.8% in the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after acquiring an additional 12,895 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Peak Resorts by 148.8% in the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after acquiring an additional 44,774 shares in the last quarter. Pinnacle Associates Ltd. grew its position in 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 acquiring an additional 22,960 shares in the last quarter. Renaissance Technologies LLC grew its position in 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 acquiring an additional 46,801 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Peak Resorts by 5.2% in the second quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock worth $805,000 after acquiring an additional 9,704 shares in the last quarter. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

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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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