Pursuit Attractions and Hospitality (NYSE:PRSU) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Pursuit Attractions and Hospitality (NYSE:PRSU) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

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

Pursuit Attractions and Hospitality Stock Down 1.2%

Shares of NYSE:PRSU traded down $0.65 during midday trading on Thursday, reaching $53.87. The company’s stock had a trading volume of 206,516 shares, compared to its average volume of 332,704. The company has a quick ratio of 1.45, a current ratio of 1.54 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $47.54 and a 200-day moving average of $40.41. The firm has a market capitalization of $1.47 billion, a P/E ratio of 54.42, a PEG ratio of 2.36 and a beta of 1.35. Pursuit Attractions and Hospitality has a 12-month low of $27.92 and a 12-month high of $56.51.

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

Institutional Trading of Pursuit Attractions and Hospitality

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in Pursuit Attractions and Hospitality in the second quarter worth about $295,000. American Century Companies Inc. purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at approximately $1,297,000. Invesco Ltd. purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at approximately $3,838,000. First Trust Advisors LP bought a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at approximately $1,365,000. Finally, Marshall Wace LLP bought a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at approximately $4,038,000. 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.