Peak Resorts, Inc. (NASDAQ:SKIS) major shareholder Cap 1 Llc acquired 144,512 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average cost of $5.51 per share, with a total value of $796,261.12. Following the completion of the transaction, the insider now directly owns 1,656,013 shares in the company, valued at approximately $9,124,631.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Cap 1 Llc also recently made the following trade(s):
- On Monday, July 24th, Cap 1 Llc acquired 17,180 shares of Peak Resorts stock. The shares were acquired at an average cost of $5.58 per share, with a total value of $95,864.40.
- On Tuesday, July 25th, Cap 1 Llc bought 72,180 shares of Peak Resorts stock. The shares were purchased at an average price of $5.56 per share, with a total value of $401,320.80.
- On Tuesday, July 18th, Cap 1 Llc bought 152,400 shares of Peak Resorts stock. The shares were purchased at an average price of $4.82 per share, with a total value of $734,568.00.
- On Wednesday, July 19th, Cap 1 Llc bought 417,400 shares of Peak Resorts stock. The shares were purchased at an average price of $5.12 per share, with a total value of $2,137,088.00.
Peak Resorts, Inc. (NASDAQ:SKIS) opened at 4.85 on Friday. The stock has a 50 day moving average price of $4.87 and a 200 day moving average price of $5.23. The stock has a market cap of $67.81 million, a PE ratio of 161.67 and a beta of 1.04. Peak Resorts, Inc. has a 52 week low of $3.90 and a 52 week high of $6.20.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Thursday, July 13th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $51.30 million during the quarter, compared to analysts’ expectations of $51.78 million. Peak Resorts had a net margin of 0.36% and a return on equity of 0.68%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.50) EPS. On average, equities analysts predict that Peak Resorts, Inc. will post $0.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Thursday, July 27th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Tuesday, July 25th. Peak Resorts’s dividend payout ratio is currently -200.00%.
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Several equities analysts have recently issued reports on the company. Macquarie cut Peak Resorts from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $5.00 in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th. ValuEngine cut Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Finally, Stifel Nicolaus decreased 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.29.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rutabaga Capital Management LLC MA increased its position in shares of Peak Resorts by 51.1% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,251,976 shares of the company’s stock worth $5,133,000 after buying an additional 423,609 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Peak Resorts by 63.0% in the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock worth $1,720,000 after buying an additional 162,100 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of 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 buying an additional 9,704 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of 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 buying an additional 46,801 shares in the last quarter. Finally, Bard Associates Inc. increased its position in shares of Peak Resorts by 0.5% in the first quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after buying an additional 600 shares in the last quarter. 43.62% of the stock is owned by hedge funds and other institutional investors.
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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