192,913 Shares of Pursuit Attractions and Hospitality, Inc. $PRSU Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 192,913 shares of Pursuit Attractions and Hospitality worth approximately $10.8 million, representing about 0.71% of the company. Institutional investors collectively own 89.91% of PRSU.
• Pursuit reported quarterly EPS of $0.50, slightly exceeding the $0.49 consensus estimate, on revenue of $133.49 million. Analysts expect full-year EPS of approximately $1.79.
• Analyst sentiment remains positive, with five Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $54.75; PRSU recently traded at $49.42.

Bank of America Corp DE bought a new stake in shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 192,913 shares of the company's stock, valued at approximately $10,797,000. Bank of America Corp DE owned approximately 0.71% of Pursuit Attractions and Hospitality at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PRSU. Oppenheimer Asset Management Inc. purchased a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $293,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of Pursuit Attractions and Hospitality in the 2nd quarter worth about $307,000. The Manufacturers Life Insurance Company bought a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter worth about $311,000. Forum Financial Management LP bought a new position in shares of Pursuit Attractions and Hospitality in the 1st quarter worth about $323,000. Finally, Jupiter Topco LLC purchased a new position in Pursuit Attractions and Hospitality during the 2nd quarter valued at about $503,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Pursuit Attractions and Hospitality Price Performance

Shares of NYSE PRSU opened at $49.42 on Friday. Pursuit Attractions and Hospitality, Inc. has a twelve month low of $32.03 and a twelve month high of $56.51. The firm has a market cap of $1.35 billion, a P/E ratio of 37.16, a PEG ratio of 1.84 and a beta of 1.37. The company has a 50 day moving average of $49.14 and a 200 day moving average of $45.89. The company has a quick ratio of 1.47, a current ratio of 1.61 and a debt-to-equity ratio of 0.38.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Pursuit Attractions and Hospitality had a return on equity of 5.93% and a net margin of 7.94%.The firm had revenue of $133.49 million during the quarter. As a group, research analysts expect that Pursuit Attractions and Hospitality, Inc. will post 1.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Pursuit Attractions and Hospitality in a research note on Wednesday, September 9th. They set a "buy" rating and a $61.00 price objective on the stock. Zacks Research downgraded shares of Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 9th. Citizens Jmp initiated coverage on shares of Pursuit Attractions and Hospitality in a report on Friday. They set a "market outperform" rating and a $64.00 target price for the company. Weiss Ratings raised Pursuit Attractions and Hospitality from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, September 18th. Finally, Citigroup began coverage on Pursuit Attractions and Hospitality in a research note on Friday. They issued an "outperform" rating on the stock. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.75.

About Pursuit Attractions and Hospitality

Pursuit Attractions and Hospitality, Inc NYSE: PRSU operates a portfolio of destination-based attractions, hospitality properties and experiential travel businesses. The company focuses on connecting guests with natural and cultural landmarks through lodging, guided tours, sightseeing activities, restaurants, retail and other visitor services.

Pursuit serves travelers in prominent tourism markets across the United States and Canada, including Alaska, Montana, the Canadian Rockies and other gateway destinations.

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