Zacks Investment Research upgraded shares of Intrawest Resorts Holdings Inc. (NYSE:SNOW) from a hold rating to a buy rating in a research note released on Tuesday morning. The brokerage currently has $19.00 price objective on the stock.
According to Zacks, “Intrawest Resorts Holdings, Inc. operates as a mountain resort and adventure company which delivers vacation and travel experiences to its customers. The company also involved in adventure travel business as well as real estate business, through which it manages, markets and sells vacation club properties; manages condominium hotel properties; sells and markets residential real estate. Intrawest Resorts Holdings, Inc. is headquartered in Denver, Colorado. “
Shares of Intrawest Resorts Holdings (NYSE:SNOW) opened at 17.39 on Tuesday. The firm has a market capitalization of $691.60 million, a price-to-earnings ratio of 18.50 and a beta of 1.01. The company’s 50 day moving average price is $15.08 and its 200 day moving average price is $11.51. Intrawest Resorts Holdings has a 52-week low of $6.95 and a 52-week high of $17.62.
Intrawest Resorts Holdings (NYSE:SNOW) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($1.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.47) by $0.02. Intrawest Resorts Holdings had a return on equity of 16.89% and a net margin of 7.16%. The firm had revenue of $65.05 million for the quarter, compared to analysts’ expectations of $58.29 million. During the same period last year, the business earned ($1.19) earnings per share. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. Analysts forecast that Intrawest Resorts Holdings will post $0.52 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in Intrawest Resorts Holdings by 50.3% in the second quarter. Acrospire Investment Management LLC now owns 8,965 shares of the company’s stock worth $116,000 after buying an additional 2,999 shares during the period. Yakira Capital Management Inc. bought a new position in shares of Intrawest Resorts Holdings during the first quarter worth approximately $123,000. Coe Capital Management LLC bought a new position in shares of Intrawest Resorts Holdings during the second quarter worth approximately $141,000. Hancock Holding Co. raised its position in shares of Intrawest Resorts Holdings by 4.4% in the second quarter. Hancock Holding Co. now owns 12,008 shares of the company’s stock worth $156,000 after buying an additional 505 shares in the last quarter. Finally, Mesirow Financial Investment Management US Value Equity bought a new position in shares of Intrawest Resorts Holdings during the first quarter worth approximately $194,000. 93.35% of the stock is owned by institutional investors.
About Intrawest Resorts Holdings
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Intrawest Resorts Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrawest Resorts Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.