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Peak Resorts Inc (SKIS): Forward Management Sells Out of Cratering Stock

J. Alan Reid, Jr.‘s Forward Management, which is now part of Salient Partners, has sold out of its position in Peak Resorts Inc (NASDAQ:SKIS) according to a new 13G filing with the SEC. The firm held 1.30 million shares of the company on December 31, making it one of the largest shareholders at that time. Given the sale of its position, it appears that Mr. Reid is not confident in a near-term turnaround for the stock, which has plunged by 50% since early December.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Forward Select Income Fund 0 0 0 0 0 0%
J. Alan Reid, Jr.
J. Alan Reid, Jr.
Forward Management

Page 1 of 3 SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Peak Resorts, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
70469L100
(CUSIP Number)
February 29, 2016
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X] Rule 13d-1(b)
[   ] Rule 13d-1(c)
[   ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed”
for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject
to the liabilities of that section of the Act but shall be subject to all other provisions of the
Act (however, see Instructions).
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