Intrawest Resorts Holdings Inc (SNOW) is Downgraded by KeyBanc Capital Mkts to Sector Weight

Intrawest Resorts Holdings Inc (SNOW) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Aug 31, 2016.

On the company’s financial health, Intrawest Resorts Holdings Inc reported $4.08 EPS for the quarter, beating the analyst consensus estimate by $ 1.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $3.06. The company had revenue of $315.70 million for the quarter, compared to analysts expectations of $305.90 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.85 EPS.

Intrawest Resorts Holdings Inc opened for trading at $15.65 and hit $16.17 on the upside on Monday, eventually ending the session at $16.14, with a gain of 2.61% or 0.41 points. The heightened volatility saw the trading volume jump to 2,05,588 shares. Company has a market cap of $641 M.

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. The Adventure segment consists of Canadian Mountain Holidays (CMH) which provides helicopter accessed skiing mountaineering and hiking in British Columbia and its ancillary businesses that support CMH and provide commercial aviation services such as firefighting leasing and helicopter maintenance repair and overhaul services to third-parties. The Real Estate segment includes its real estate management marketing and sales businesses as well as its real estate development activities. The Real Estate segment includes Intrawest Resort Club Group Intrawest Hospitality Management Playground as well as Mammoth Hospitality Management L.L.C. and Chateau M.T. Inc.

Intrawest Resorts Holdings Inc

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