Shares of Intrawest Resorts Holdings Inc. (NYSE:SNOW) have received an average recommendation of “Buy” from the six brokerages that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.25.
Separately, Zacks Investment Research downgraded Intrawest Resorts Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 17th.
Shares of Intrawest Resorts Holdings (NYSE:SNOW) opened at 16.44 on Wednesday. The stock has a 50 day moving average of $16.35 and a 200-day moving average of $12.81. Intrawest Resorts Holdings has a 52-week low of $6.95 and a 52-week high of $18.06. The stock has a market capitalization of $653.82 million, a P/E ratio of 17.49 and a beta of 0.99.
Intrawest Resorts Holdings (NYSE:SNOW) last posted its earnings results on Thursday, September 8th. The company reported ($1.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.47) by $0.02. Intrawest Resorts Holdings had a net margin of 7.16% and a return on equity of 16.89%. The business earned $65.05 million during the quarter, compared to analysts’ expectations of $58.29 million. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the business posted ($1.19) earnings per share. Analysts predict that Intrawest Resorts Holdings will post $0.52 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Chicago Equity Partners LLC purchased a new stake in Intrawest Resorts Holdings during the second quarter valued at $2,309,000. Dimensional Fund Advisors LP increased its stake in Intrawest Resorts Holdings by 30.6% in the second quarter. Dimensional Fund Advisors LP now owns 452,185 shares of the company’s stock valued at $5,869,000 after buying an additional 106,011 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Intrawest Resorts Holdings during the second quarter valued at $1,234,000. Bogle Investment Management L P DE purchased a new stake in Intrawest Resorts Holdings during the first quarter valued at $530,000. Finally, TFS Capital LLC purchased a new stake in Intrawest Resorts Holdings during the second quarter valued at $444,000. Institutional investors and hedge funds own 93.25% of the company’s stock.
Intrawest Resorts Holdings Company Profile
Intrawest Resorts Holdings, Inc is a mountain resort, adventure and real estate company. The Company operates through three segments: Mountain, Adventure and Real Estate. The Mountain segment includes its mountain resort and lodging operations at Steamboat, Winter Park, Tremblant, Stratton, Snowshoe and Blue Mountain.
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