ValuEngine downgraded shares of Peak Resorts (NASDAQ:SKIS) from a hold rating to a sell rating in a research report report published on Thursday morning.
A number of other equities research analysts also recently weighed in on SKIS. B. Riley reissued a buy rating on shares of Peak Resorts in a report on Wednesday, November 1st. Zacks Investment Research downgraded Peak Resorts from a hold rating to a sell rating in a report on Tuesday, February 13th. FBR & Co reissued a buy rating on shares of Peak Resorts in a report on Tuesday, October 24th. Oppenheimer reissued a buy rating and set a $7.00 target price on shares of Peak Resorts in a report on Friday, December 8th. Finally, Stifel Nicolaus lifted their target price on Peak Resorts from $6.00 to $7.00 and gave the stock a buy rating in a report on Friday, December 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $6.22.
Shares of Peak Resorts (SKIS) opened at $5.25 on Thursday. Peak Resorts has a twelve month low of $4.00 and a twelve month high of $6.20. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.74 and a current ratio of 0.79.
The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Thursday, January 25th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Wednesday, January 24th. Peak Resorts’s dividend payout ratio (DPR) is presently -90.32%.
A number of hedge funds have recently bought and sold shares of the stock. Summer Road LLC raised its stake in Peak Resorts by 38.4% in the third quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock valued at $8,380,000 after purchasing an additional 534,092 shares in the last quarter. Vanguard Group Inc. raised its stake in Peak Resorts by 63.0% in the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after purchasing an additional 162,100 shares in the last quarter. Sterneck Capital Management LLC raised its stake in Peak Resorts by 13.3% in the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock valued at $1,307,000 after purchasing an additional 28,467 shares in the last quarter. Essex Investment Management Co. LLC raised its stake 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 valued at $326,000 after purchasing an additional 44,774 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Peak Resorts in the fourth quarter valued at about $382,000. 45.06% of the stock is owned by institutional investors and hedge funds.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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