3,273,506 Shares in Pursuit Attractions and Hospitality, Inc. $PRSU Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 3.27 million shares of Pursuit Attractions and Hospitality in the second quarter, worth approximately $183.2 million and representing a 11.98% stake.
• Institutional ownership remains high at 89.91%, with several other investment firms also increasing their positions in PRSU.
• Pursuit reported quarterly EPS of $0.50, slightly above estimates, on revenue of $133.49 million. Analysts maintain a “Moderate Buy” consensus, with a $47 average price target, while the stock recently traded at $49.22.

BlackRock Inc. purchased a new stake in Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,273,506 shares of the company's stock, valued at approximately $183,218,000. BlackRock Inc. owned approximately 11.98% of Pursuit Attractions and Hospitality as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of Pursuit Attractions and Hospitality by 136.4% in the 4th quarter. Comerica Bank now owns 73,994 shares of the company's stock worth $2,492,000 after acquiring an additional 42,699 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Pursuit Attractions and Hospitality during the 1st quarter worth approximately $869,000. Sei Investments Co. lifted its position in shares of Pursuit Attractions and Hospitality by 28.9% during the 1st quarter. Sei Investments Co. now owns 207,993 shares of the company's stock worth $7,619,000 after buying an additional 46,571 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Pursuit Attractions and Hospitality by 59,404.9% in the 1st quarter. Fifth Third Bancorp now owns 73,191 shares of the company's stock worth $2,681,000 after buying an additional 73,068 shares during the last quarter. Finally, River Road Asset Management LLC boosted its stake in shares of Pursuit Attractions and Hospitality by 3.6% in 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 last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Pursuit Attractions and Hospitality Stock Down 1.6%

NYSE PRSU opened at $49.22 on Friday. The business's 50-day moving average is $51.34 and its 200 day moving average is $44.21. The stock has a market capitalization of $1.34 billion, a PE ratio of 37.01, a PEG ratio of 1.86 and a beta of 1.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 1.47. Pursuit Attractions and Hospitality, Inc. has a 1 year low of $32.03 and a 1 year high of $56.51.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. Pursuit Attractions and Hospitality had a net margin of 7.94% and a return on equity of 5.93%. The business had revenue of $133.49 million for the quarter. Sell-side analysts forecast that Pursuit Attractions and Hospitality, Inc. will post 1.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PRSU has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 9th. Oppenheimer reissued an "outperform" rating and issued a $50.00 target price (up from $48.00) on shares of Pursuit Attractions and Hospitality in a research report on Monday, May 11th. Finally, Weiss Ratings raised shares of Pursuit Attractions and Hospitality from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

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.

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