Summer Road LLC Reduces Stake in Peak Resorts Inc (NASDAQ:SKIS)

Summer Road LLC cut its stake in shares of Peak Resorts Inc (NASDAQ:SKIS) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,823,905 shares of the company’s stock after selling 102,595 shares during the period. Peak Resorts comprises approximately 26.6% of Summer Road LLC’s investment portfolio, making the stock its 2nd largest holding. Summer Road LLC owned 12.03% of Peak Resorts worth $8,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Pinnacle Associates Ltd. increased its position in shares of Peak Resorts by 13.9% during the 1st quarter. Pinnacle Associates Ltd. now owns 102,579 shares of the company’s stock valued at $467,000 after purchasing an additional 12,500 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Peak Resorts by 10.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 114,096 shares of the company’s stock valued at $542,000 after purchasing an additional 10,867 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Peak Resorts by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 179,601 shares of the company’s stock valued at $853,000 after purchasing an additional 12,349 shares during the last quarter. Institutional investors and hedge funds own 41.33% of the company’s stock.

Several brokerages have recently issued reports on SKIS. Zacks Investment Research lowered Peak Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. ValuEngine raised Peak Resorts from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Janney Montgomery Scott lowered Peak Resorts from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 23rd. TheStreet raised Peak Resorts from a “d+” rating to a “c-” rating in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus lowered Peak Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Peak Resorts currently has a consensus rating of “Buy” and a consensus target price of $7.08.

SKIS traded down $0.01 during trading hours on Friday, hitting $10.98. The stock had a trading volume of 400 shares, compared to its average volume of 66,109. The company’s fifty day simple moving average is $10.92 and its 200 day simple moving average is $6.14. Peak Resorts Inc has a 1 year low of $3.75 and a 1 year high of $11.00. The stock has a market cap of $167.30 million, a PE ratio of 24.41 and a beta of 0.98. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 2.63.

Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Thursday, June 27th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.28. Peak Resorts had a return on equity of 14.31% and a net margin of 4.83%. The company had revenue of $85.46 million during the quarter, compared to analyst estimates of $76.27 million. As a group, equities analysts expect that Peak Resorts Inc will post -0.11 EPS for the current year.

Peak Resorts Company Profile

Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.

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Institutional Ownership by Quarter for Peak Resorts (NASDAQ:SKIS)

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