Russell Investments Group Ltd. grew its stake in Peak Resorts, Inc. (NASDAQ:SKIS) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,417 shares of the company’s stock after buying an additional 9,704 shares during the period. Russell Investments Group Ltd. owned 1.40% of Peak Resorts worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Rutabaga Capital Management LLC MA bought a new stake in shares of Peak Resorts during the 1st quarter valued at about $4,680,000. Renaissance Technologies LLC boosted its position in shares of Peak Resorts by 56.5% during the 1st quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock valued at $732,000 after purchasing an additional 46,801 shares in the last quarter. Finally, Bard Associates Inc. boosted its position in shares of Peak Resorts by 0.5% during the 1st quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock valued at $673,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 47.55% of the company’s stock.

In other news, major shareholder Cap 1 Llc bought 17,180 shares of Peak Resorts stock in a transaction on Monday, July 24th. The shares were purchased at an average price of $5.58 per share, for a total transaction of $95,864.40. Following the acquisition, the insider now owns 1,742,705 shares of the company’s stock, valued at $9,724,293.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 803,753 shares of company stock worth $4,165,497 in the last quarter. Company insiders own 16.52% of the company’s stock.

Shares of Peak Resorts, Inc. (SKIS) traded down 4.40% on Friday, reaching $4.35. The company’s stock had a trading volume of 66,071 shares. Peak Resorts, Inc. has a 12-month low of $3.90 and a 12-month high of $6.20. The company has a market cap of $60.82 million, a P/E ratio of 145.00 and a beta of 1.05. The company’s 50 day moving average price is $4.84 and its 200 day moving average price is $5.09.

Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.07). Peak Resorts had a negative return on equity of 0.38% and a negative net margin of 0.20%. The firm had revenue of $7.50 million for the quarter, compared to analysts’ expectations of $7.22 million. During the same quarter last year, the company posted ($0.56) EPS. The firm’s revenue was up 5.6% on a year-over-year basis. Analysts forecast that Peak Resorts, Inc. will post $0.08 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Zacks Investment Research lowered Peak Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating on shares of Peak Resorts in a research report on Thursday, September 7th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $7.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. FBR & Co restated a “buy” rating and set a $6.00 target price on shares of Peak Resorts in a research report on Thursday, September 7th. Finally, Macquarie lowered Peak Resorts from an “outperform” rating to a “neutral” rating and cut their target price for the company from $7.00 to $5.00 in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Peak Resorts currently has an average rating of “Hold” and a consensus price target of $6.13.

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Peak Resorts Profile

Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.

Institutional Ownership by Quarter for Peak Resorts (NASDAQ:SKIS)

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