California State Teachers Retirement System raised its position in shares of Intrawest Resorts Holdings Inc. (NYSE:SNOW) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 33,770 shares of the company’s stock after buying an additional 118 shares during the period. California State Teachers Retirement System owned about 0.08% of Intrawest Resorts Holdings worth $438,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Chicago Equity Partners LLC purchased a new position in shares of Intrawest Resorts Holdings during the second quarter worth about $2,309,000. Bogle Investment Management L P DE purchased a new position in shares of Intrawest Resorts Holdings during the first quarter worth about $530,000. Mesirow Financial Investment Management US Value Equity purchased a new position in shares of Intrawest Resorts Holdings during the first quarter worth about $194,000. Yakira Capital Management Inc. purchased a new position in shares of Intrawest Resorts Holdings during the first quarter worth about $123,000. Finally, Spark Investment Management LLC increased its position in shares of Intrawest Resorts Holdings by 32.6% in the first quarter. Spark Investment Management LLC now owns 35,000 shares of the company’s stock worth $299,000 after buying an additional 8,600 shares during the last quarter. 93.25% of the stock is currently owned by institutional investors and hedge funds.
Intrawest Resorts Holdings Inc. (NYSE:SNOW) traded up 1.75% during mid-day trading on Wednesday, reaching $16.86. 90,617 shares of the company were exchanged. The firm has a market capitalization of $670.52 million, a P/E ratio of 17.94 and a beta of 0.99. Intrawest Resorts Holdings Inc. has a 1-year low of $6.95 and a 1-year high of $18.06. The stock has a 50-day moving average of $16.27 and a 200 day moving average of $12.70.
Intrawest Resorts Holdings (NYSE:SNOW) last posted its earnings results on Thursday, September 8th. The company reported ($1.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.47) by $0.02. Intrawest Resorts Holdings had a net margin of 7.16% and a return on equity of 16.89%. The company earned $65.05 million during the quarter, compared to analyst estimates of $58.29 million. During the same period in the previous year, the company earned ($1.19) EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. Equities research analysts forecast that Intrawest Resorts Holdings Inc. will post $0.52 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Intrawest Resorts Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $13.25.
About Intrawest Resorts Holdings
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.
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