Peak Resorts, Inc. (SKIS) Position Maintained by Bard Associates Inc.
Bard Associates Inc. maintained its position in Peak Resorts, Inc. (NASDAQ:SKIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,175 shares of the company’s stock at the close of the 2nd quarter. Bard Associates Inc. owned approximately 0.85% of Peak Resorts worth $489,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Pinnacle Associates Ltd. grew its stake in shares of Peak Resorts by 29.5% in the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock valued at $413,000 after buying an additional 22,960 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in Peak Resorts by 23.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock valued at $123,000 after purchasing an additional 5,808 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Peak Resorts during the 2nd quarter valued at approximately $251,000. Russell Investments Group Ltd. grew its stake in Peak Resorts by 5.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock valued at $805,000 after purchasing an additional 9,704 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA acquired a new stake in Peak Resorts during the 1st quarter valued at approximately $4,680,000. Institutional investors and hedge funds own 47.55% of the company’s stock.
In other Peak Resorts news, major shareholder Cap 1 Llc acquired 152,400 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were acquired at an average cost of $4.82 per share, for a total transaction of $734,568.00. Following the completion of the purchase, the insider now owns 1,416,013 shares of the company’s stock, valued at approximately $6,825,182.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 803,753 shares of company stock worth $4,165,497 over the last quarter. 16.52% of the stock is currently owned by corporate insiders.
Shares of Peak Resorts, Inc. (NASDAQ SKIS) opened at 4.70 on Tuesday. The firm’s 50-day moving average price is $4.94 and its 200-day moving average price is $5.12. The firm has a market cap of $65.72 million, a price-to-earnings ratio of 156.67 and a beta of 1.05. Peak Resorts, Inc. has a 52 week low of $3.90 and a 52 week high of $6.20.
Peak Resorts (NASDAQ:SKIS) last posted 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 business had revenue of $7.50 million during the quarter, compared to the consensus estimate of $7.22 million. Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.56) earnings per share. Equities research analysts expect that Peak Resorts, Inc. will post $0.12 EPS for the current fiscal year.
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SKIS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th. ValuEngine lowered Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Stifel Nicolaus lowered their price objective on Peak Resorts from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, June 23rd. Macquarie lowered Peak Resorts from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $5.00 in a research note on Wednesday, July 19th. Finally, FBR & Co restated a “buy” rating on shares of Peak Resorts in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Peak Resorts currently has a consensus rating of “Hold” and a consensus target price of $6.29.
Peak Resorts 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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