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

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

Several other brokerages have also weighed in on PRSU. Oppenheimer restated an “outperform” rating and set a $50.00 target price (up from $48.00) on shares of Pursuit Attractions and Hospitality in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Pursuit Attractions and Hospitality from a “hold (c-)” rating to a “hold (c)” rating 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.00.

Pursuit Attractions and Hospitality Price Performance

Shares of PRSU opened at $53.87 on Thursday. Pursuit Attractions and Hospitality has a twelve month low of $27.92 and a twelve month high of $56.51. The stock’s 50 day moving average is $47.54 and its two-hundred day moving average is $40.41. The firm has a market capitalization of $1.47 billion, a PE ratio of 54.42, a P/E/G ratio of 2.36 and a beta of 1.35. The company has a current ratio of 1.54, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36.

Pursuit Attractions and Hospitality (NYSE:PRSU) last posted 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 business had revenue of $51.64 million for the quarter. Pursuit Attractions and Hospitality had a net margin of 6.19% and a return on equity of 5.30%. Research analysts anticipate that Pursuit Attractions and Hospitality will post 1.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Pursuit Attractions and Hospitality by 803.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the company’s stock valued at $28,000 after buying an additional 691 shares during the period. Larson Financial Group LLC raised its holdings in shares of Pursuit Attractions and Hospitality by 4,831.2% during the 3rd quarter. Larson Financial Group LLC now owns 789 shares of the company’s stock valued at $29,000 after buying an additional 773 shares during the period. State of Wyoming purchased a new stake in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at about $38,000. Kemnay Advisory Services Inc. acquired a new position in Pursuit Attractions and Hospitality during the 4th quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC acquired a new position in Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $67,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.