Emerald Acquisition Ltd. acquired a new position in shares of Peak Resorts Inc. (NASDAQ:SKIS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 187,713 shares of the company’s stock, valued at approximately $856,000. Emerald Acquisition Ltd. owned approximately 1.34% of Peak Resorts as of its most recent filing with the SEC.
Separately, Bank of New York Mellon Corp raised its position in shares of Peak Resorts by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 87,332 shares of the company’s stock worth $398,000 after buying an additional 5,989 shares during the last quarter. 50.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Peak Resorts Inc. (NASDAQ:SKIS) traded down 2.3418% during mid-day trading on Wednesday, reaching $5.0001. 9,536 shares of the company traded hands. Peak Resorts Inc. has a 52-week low of $2.60 and a 52-week high of $7.70. The company’s 50 day moving average is $4.89 and its 200 day moving average is $4.28. The stock’s market capitalization is $69.91 million.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.03. Peak Resorts had a negative return on equity of 6.17% and a negative net margin of 4.16%. The firm earned $7.10 million during the quarter, compared to analyst estimates of $8.12 million. During the same quarter last year, the firm earned ($0.51) EPS. Peak Resorts’s quarterly revenue was up 31.5% on a year-over-year basis. On average, equities analysts forecast that Peak Resorts Inc. will post $0.27 earnings per share for the current year.
A number of research analysts have weighed in on SKIS shares. FBR & Co restated a “buy” rating and issued a $4.00 price objective on shares of Peak Resorts in a report on Monday, July 18th. Zacks Investment Research upgraded Peak Resorts from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Tuesday, September 20th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $7.00 price target on shares of Peak Resorts in a report on Tuesday, September 13th. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $5.00 price target on shares of Peak Resorts in a report on Sunday, July 17th. Seven equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $6.29.
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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