PNC Financial Services Group Inc. Invests $265,000 in Pursuit Attractions and Hospitality, Inc. $PRSU

PNC Financial Services Group Inc. acquired a new stake in Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,197 shares of the company’s stock, valued at approximately $265,000.

Several other hedge funds have also added to or reduced their stakes in PRSU. Veracity Capital LLC bought a new stake in Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $3,497,000. State of Alaska Department of Revenue acquired a new stake in Pursuit Attractions and Hospitality in the second quarter valued at $367,000. KLP Kapitalforvaltning AS bought a new position in Pursuit Attractions and Hospitality during the 2nd quarter worth $112,000. Allspring Global Investments Holdings LLC bought a new position in Pursuit Attractions and Hospitality during the 2nd quarter worth $43,665,000. Finally, Yousif Capital Management LLC acquired a new position in Pursuit Attractions and Hospitality during the 2nd quarter worth about $231,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pursuit Attractions and Hospitality

In related news, CEO David W. Barry purchased 755 shares of Pursuit Attractions and Hospitality stock in a transaction on Monday, November 17th. The stock was acquired at an average cost of $33.39 per share, for a total transaction of $25,209.45. Following the completion of the acquisition, the chief executive officer owned 110,430 shares of the company’s stock, valued at $3,687,257.70. This trade represents a 0.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PRSU shares. Stifel Nicolaus raised their price objective on Pursuit Attractions and Hospitality from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Wall Street Zen raised shares of Pursuit Attractions and Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Oppenheimer restated an “outperform” rating and issued a $48.00 price target on shares of Pursuit Attractions and Hospitality in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pursuit Attractions and Hospitality in a research note on Monday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Pursuit Attractions and Hospitality has an average rating of “Moderate Buy” and an average price target of $33.67.

Pursuit Attractions and Hospitality Stock Performance

Shares of PRSU stock opened at $34.17 on Thursday. Pursuit Attractions and Hospitality, Inc. has a fifty-two week low of $26.66 and a fifty-two week high of $46.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.04. The stock has a 50 day simple moving average of $35.28 and a two-hundred day simple moving average of $32.82. The company has a market cap of $966.43 million, a P/E ratio of 2.96, a PEG ratio of 2.12 and a beta of 1.76.

Pursuit Attractions and Hospitality (NYSE:PRSU) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $62.88 million for the quarter. Pursuit Attractions and Hospitality had a return on equity of 21.30% and a net margin of 51.67%. Research analysts forecast that Pursuit Attractions and Hospitality, Inc. will post 1.25 earnings per share for the current year.

About Pursuit Attractions and Hospitality

Pursuit Attractions & Hospitality, Inc engages in the provision of hospitality and leisure activities, experiential marketing, and live events. It operates through the following segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment provides travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.