Zacks Research Downgrades Pursuit Attractions and Hospitality (NYSE:PRSU) to Hold

Pursuit Attractions and Hospitality (NYSE:PRSU) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

PRSU has been the subject of a number of other reports. Weiss Ratings upgraded Pursuit Attractions and Hospitality from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Oppenheimer reiterated an “outperform” rating and set a $50.00 price target (up from $48.00) on shares of Pursuit Attractions and Hospitality in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Pursuit Attractions and Hospitality Price Performance

Pursuit Attractions and Hospitality stock traded down $0.65 during trading hours on Thursday, hitting $53.87. 206,516 shares of the company traded hands, compared to its average volume of 332,704. Pursuit Attractions and Hospitality has a 1-year low of $27.92 and a 1-year high of $56.51. The firm has a market cap of $1.47 billion, a P/E ratio of 54.42, a P/E/G ratio of 2.36 and a beta of 1.35. The firm’s 50-day simple moving average is $47.54 and its two-hundred day simple moving average is $40.41. The company has a quick ratio of 1.45, a current ratio of 1.54 and a debt-to-equity ratio of 0.36.

Pursuit Attractions and Hospitality (NYSE:PRSU) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.94) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.94). The company had revenue of $51.64 million during the quarter. Pursuit Attractions and Hospitality had a net margin of 6.19% and a return on equity of 5.30%. As a group, analysts forecast that Pursuit Attractions and Hospitality will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

A number of institutional investors have recently bought and sold shares of the stock. River Road Asset Management LLC raised its holdings in Pursuit Attractions and Hospitality by 3.6% during the 4th quarter. River Road Asset Management LLC now owns 2,032,605 shares of the company’s stock worth $68,458,000 after buying an additional 69,794 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Pursuit Attractions and Hospitality by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,575,649 shares of the company’s stock worth $53,068,000 after buying an additional 19,204 shares during the period. TimesSquare Capital Management LLC increased its position in shares of Pursuit Attractions and Hospitality by 10.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 927,024 shares of the company’s stock worth $31,222,000 after acquiring an additional 87,444 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Pursuit Attractions and Hospitality by 17.2% in the third quarter. Alliancebernstein L.P. now owns 839,508 shares of the company’s stock worth $30,373,000 after acquiring an additional 123,006 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Pursuit Attractions and Hospitality by 3.2% during the fourth quarter. State Street Corp now owns 813,263 shares of the company’s stock valued at $27,391,000 after acquiring an additional 25,353 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.