Peak Resorts (NASDAQ:SKIS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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. “

Several other equities research analysts also recently commented on the stock. B. Riley reissued a “buy” rating on shares of Peak Resorts in a research report on Wednesday, November 1st. Oppenheimer reissued a “buy” rating and set a $7.00 target price on shares of Peak Resorts in a research report on Friday, December 8th. FBR & Co reissued 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, Stifel Nicolaus boosted their target price on shares of Peak Resorts from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Peak Resorts presently has a consensus rating of “Buy” and an average target price of $6.22.

Shares of Peak Resorts (NASDAQ:SKIS) opened at $5.20 on Tuesday. Peak Resorts has a 52 week low of $4.00 and a 52 week high of $6.20. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.11. The firm has a market cap of $72.71, a price-to-earnings ratio of -16.25 and a beta of 1.11.

Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($0.66) earnings per share for the quarter, missing the 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 company had revenue of $8.84 million during the quarter, compared to the consensus estimate of $8.64 million. During the same period last year, the firm posted ($0.57) earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. equities research analysts predict that Peak Resorts will post 0.05 EPS for the current year.

Large investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC increased its position in shares of Peak Resorts by 148.8% during 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. Summer Road LLC boosted its holdings in Peak Resorts by 38.4% during the third quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock worth $8,380,000 after purchasing an additional 534,092 shares during the last quarter. Sterneck Capital Management LLC boosted its holdings in Peak Resorts by 13.3% during the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock worth $1,307,000 after purchasing an additional 28,467 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Peak Resorts by 63.0% during the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after purchasing an additional 162,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Peak Resorts by 93.8% during the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after purchasing an additional 12,895 shares during the last quarter. 45.06% of the stock is owned by institutional investors.

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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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Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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