Pursuit Attractions and Hospitality (NYSE:PRSU) Shares Gap Down Following Weak Earnings

Shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $36.57, but opened at $33.02. Pursuit Attractions and Hospitality shares last traded at $35.1560, with a volume of 47,366 shares traded.

The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.81) by ($0.08). The firm had revenue of $57.07 million for the quarter. Pursuit Attractions and Hospitality had a net margin of 82.54% and a return on equity of 17.61%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRSU. Stifel Nicolaus boosted their price objective on shares of Pursuit Attractions and Hospitality from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Oppenheimer restated an “outperform” rating and issued a $48.00 price target on shares of Pursuit Attractions and Hospitality in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pursuit Attractions and Hospitality in a research note on Monday, December 29th. Zacks Research cut Pursuit Attractions and Hospitality from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Wall Street Zen raised Pursuit Attractions and Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

A number of hedge funds have recently bought and sold shares of PRSU. Crestview Partners IV GP L.P. bought a new stake in shares of Pursuit Attractions and Hospitality in the second quarter worth approximately $193,103,000. River Road Asset Management LLC boosted its holdings in Pursuit Attractions and Hospitality by 3.6% in the fourth quarter. River Road Asset Management LLC now owns 2,032,605 shares of the company’s stock worth $68,458,000 after purchasing an additional 69,794 shares during the last quarter. Vanguard Group Inc. grew its position in Pursuit Attractions and Hospitality by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,575,649 shares of the company’s stock worth $53,068,000 after purchasing an additional 19,204 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Pursuit Attractions and Hospitality by 1.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,513,461 shares of the company’s stock worth $53,728,000 after buying an additional 20,655 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in Pursuit Attractions and Hospitality by 10.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 927,024 shares of the company’s stock valued at $31,222,000 after acquiring an additional 87,444 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Pursuit Attractions and Hospitality Price Performance

The firm has a market capitalization of $991.81 million, a PE ratio of 2.81, a PEG ratio of 1.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a 50-day simple moving average of $35.09 and a 200-day simple moving average of $35.37.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions and Hospitality Inc (NYSE: PRSU) is a travel and leisure company focused on delivering immersive experiences at some of North America’s most celebrated destinations. The company’s core operations span scenic attractions such as mountain gondolas and tramways, alpine lodges and wilderness excursions, as well as complementary dining venues that showcase regional flavors. By integrating guided tours, wildlife viewing and seasonal activities, Pursuit aims to create memorable experiences for both individual and group travelers.

In the mountain segment, Pursuit operates marquee attractions including the Banff Gondola and Jasper SkyTram in Canada’s Rocky Mountains, supported by on-site accommodations like Emerald Lake Lodge.