Peak Resorts Inc (SKIS) : Summer Road scooped up 45,000 additional shares in Peak Resorts Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,392,408 shares of Peak Resorts Inc which is valued at $6,920,268.Peak Resorts Inc makes up approximately 100.00% of Summer Road’s portfolio.
Other Hedge Funds, Including , Walleye Trading added SKIS to its portfolio by purchasing 1,600 company shares during the most recent quarter which is valued at $7,952. Wespac Advisors Socal added SKIS to its portfolio by purchasing 3,776 company shares during the most recent quarter which is valued at $18,767. Peak Resorts Inc makes up approx 0.01% of Wespac Advisors Socal’s portfolio. Simplex Trading added SKIS to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $490.
Peak Resorts Inc opened for trading at $4.82 and hit $4.86 on the upside on Thursday, eventually ending the session at $4.86, with a gain of 1.04% or 0.05 points. The heightened volatility saw the trading volume jump to 9,947 shares. Company has a market cap of $68 M.
On the company’s financial health, Peak Resorts Inc reported $-0.50 EPS for the quarter, missing the analyst consensus estimate by $ -1.13 based on the information available during the earnings call on Jul 14, 2016. Analyst had a consensus of $0.63. The company had revenue of $45.50 million for the quarter, compared to analysts expectations of $43.21 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on Peak Resorts Inc. Peak Resorts Inc was Upgraded by Macquarie to ” Outperform” on May 26, 2016.
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.