Peak Resorts Inc (SKIS) is Upgraded by Macquarie to Outperform

Peak Resorts Inc (SKIS) was Upgraded by Macquarie to ” Outperform”. Earlier the firm had a rating of “Underperform ” on the company shares. Macquarie advised their investors in a research report released on May 26, 2016.

Many Wall Street Analysts have commented on Peak Resorts Inc. Shares were Reiterated by FBR Capital on Mar 16, 2016 to “Outperform” and Lowered the Price Target to $ 4 from a previous price target of $8 .

On the company’s financial health, Peak Resorts Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Mar 15, 2016. Analyst had a consensus of $0.40. The company had revenue of $36.70 million for the quarter, compared to analysts expectations of $44.71 million. The company’s revenue was down -20.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Peak Resorts Inc opened for trading at $3.3 and hit $3.4799 on the upside on Wednesday, eventually ending the session at $3.37, with a gain of 0.90% or 0.03 points. The heightened volatility saw the trading volume jump to 12,725 shares. Company has a market cap of $47 M.

In a different news, on Feb 26, 2016, Christopher O’connor (director) purchased 183 shares at $3.99 per share price. According to the SEC, on Feb 26, 2016, Carl Kraus (director) purchased 168 shares at $3.99 per share price.

Peak Resorts Inc. is a holding company. The Company through its subsidiaries owns or leases and operates day ski and overnight drive ski resorts in the United States. As of April 30 2015 the Company operated 13 ski resorts including five overnight drive ski resorts and eight day ski resorts located across six states including Wildwood and Weston Missouri; Bellefontaine and Cleveland Ohio; Paoli Indiana; Blakeslee and Lake Harmony Pennsylvania; Bartlett Bennington and Pinkham Notch New Hampshire and West Dover Vermont. The Company also has an 18 hole golf course in West Dover Vermont. In addition it manages hotels in Bartlett New Hampshire and West Dover Vermont and operates a restaurant in Lake Harmony Pennsylvania. The Company’s ski resorts include Hidden Valley Snow Creek Paoli Peaks Mad River Boston Mills Brandywine Crotched Mountain Jack Frost Big Boulder Attitash Mount Snow Wildcat Mountain and Alpine Valley.

Peak Resorts Inc

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