Allspring Global Investments Holdings LLC Decreases Stake in Pursuit Attractions and Hospitality, Inc. $PRSU

Key Points

• Allspring Global Investments trimmed its position in Pursuit Attractions and Hospitality by 5.1%, selling 77,278 shares and leaving it with 1,436,183 shares (5.08% ownership) valued at about $47.98 million.
• Institutional ownership is very high at 89.91%, and Wall Street sentiment is a "Moderate Buy" (consensus target $34) with three Buy and two Hold ratings; Stifel raised its target to $44 while Zacks cut to a Hold.
• Pursuit reported a quarterly EPS miss of -$0.89 versus estimates of -$0.81 on $57.07 million in revenue, and the stock recently traded around $37.28 (52‑week high $38.33) with a $1.04 billion market cap.

Allspring Global Investments Holdings LLC lessened its holdings in shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,436,183 shares of the company's stock after selling 77,278 shares during the quarter. Allspring Global Investments Holdings LLC owned 5.08% of Pursuit Attractions and Hospitality worth $47,983,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its stake in Pursuit Attractions and Hospitality by 4.1% during the third quarter. Illinois Municipal Retirement Fund now owns 11,535 shares of the company's stock worth $417,000 after buying an additional 456 shares during the period. CenterBook Partners LP increased its position in shares of Pursuit Attractions and Hospitality by 3.8% in the third quarter. CenterBook Partners LP now owns 16,546 shares of the company's stock worth $599,000 after acquiring an additional 602 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Pursuit Attractions and Hospitality by 803.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the company's stock valued at $28,000 after acquiring an additional 691 shares during the period. Larson Financial Group LLC raised its stake in shares of Pursuit Attractions and Hospitality by 4,831.3% in the 3rd quarter. Larson Financial Group LLC now owns 789 shares of the company's stock valued at $29,000 after acquiring an additional 773 shares during the period. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of Pursuit Attractions and Hospitality by 3.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 24,157 shares of the company's stock valued at $698,000 after acquiring an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PRSU. Stifel Nicolaus increased their price target on Pursuit Attractions and Hospitality from $43.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. Zacks Research cut Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 9th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pursuit Attractions and Hospitality in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Pursuit Attractions and Hospitality Trading Up 1.8%

NYSE PRSU opened at $37.28 on Thursday. The stock has a market cap of $1.04 billion, a P/E ratio of 47.80, a PEG ratio of 1.73 and a beta of 1.37. The company's fifty day simple moving average is $36.18 and its 200-day simple moving average is $35.37. The company has a current ratio of 0.81, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. Pursuit Attractions and Hospitality, Inc. has a 52 week low of $26.66 and a 52 week high of $38.33.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported ($0.89) earnings per share for the quarter, missing analysts' consensus estimates of ($0.81) by ($0.08). Pursuit Attractions and Hospitality had a net margin of 5.01% and a return on equity of 5.23%. The firm had revenue of $57.07 million for the quarter. Equities research analysts predict that Pursuit Attractions and Hospitality, Inc. will post 1.25 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.