Peak Resorts Inc (NASDAQ:SKIS) Short Interest Up 182.2% in June

Peak Resorts Inc (NASDAQ:SKIS) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 12,700 shares, a growth of 182.2% from the May 30th total of 4,500 shares. Based on an average trading volume of 21,600 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

A number of institutional investors have recently modified their holdings of SKIS. Pinnacle Associates Ltd. lifted its holdings in Peak Resorts by 13.9% in the 1st quarter. Pinnacle Associates Ltd. now owns 102,579 shares of the company’s stock worth $467,000 after buying an additional 12,500 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Peak Resorts by 25.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 103,229 shares of the company’s stock valued at $470,000 after purchasing an additional 21,196 shares during the period. Stifel Financial Corp lifted its stake in shares of Peak Resorts by 11.6% in the 4th quarter. Stifel Financial Corp now owns 89,268 shares of the company’s stock valued at $417,000 after purchasing an additional 9,250 shares during the period. Finally, Resources Investment Advisors Inc. purchased a new position in shares of Peak Resorts in the 4th quarter valued at approximately $28,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Peak Resorts stock opened at $4.85 on Friday. The stock has a market cap of $74.79 million, a price-to-earnings ratio of 10.78 and a beta of 0.88. Peak Resorts has a twelve month low of $3.75 and a twelve month high of $5.55. The company has a 50-day moving average of $4.24. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.10 and a quick ratio of 1.05.

Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Thursday, June 27th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.28. The firm had revenue of $85.46 million for the quarter, compared to analyst estimates of $76.27 million. Peak Resorts had a net margin of 4.83% and a return on equity of 14.31%. On average, equities analysts anticipate that Peak Resorts will post -0.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 25th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Wednesday, July 24th. Peak Resorts’s dividend payout ratio is presently 62.22%.

A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $9.00 target price on Peak Resorts and gave the company a “buy” rating in a research report on Friday, June 28th. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.

Peak Resorts Company Profile

Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.

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