Bank of New York Mellon Corp Takes $9.29 Million Position in Pursuit Attractions and Hospitality, Inc. $PRSU

Key Points

• Bank of New York Mellon bought 165,932 shares of Pursuit Attractions and Hospitality worth approximately $9.29 million, representing about 0.61% of the company. Institutional investors collectively own 89.91% of PRSU.
• Pursuit reported quarterly earnings of $0.50 per share, slightly exceeding the $0.49 analyst consensus, on revenue of $133.49 million. Analysts expect full-year earnings of approximately $1.79 per share.
• PRSU shares opened at $48.23, up 2.1%, while analysts maintain a “Moderate Buy” consensus with an average price target of $47.00; ratings include two Buys and two Holds.

Bank of New York Mellon Corp bought a new stake in Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 165,932 shares of the company's stock, valued at approximately $9,287,000. Bank of New York Mellon Corp owned approximately 0.61% of Pursuit Attractions and Hospitality at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. bought a new position in Pursuit Attractions and Hospitality during the second quarter worth about $20,657,000. Bank of America Corp DE bought a new stake in shares of Pursuit Attractions and Hospitality during the second quarter worth $6,587,000. Qube Research & Technologies Ltd bought a new stake in Pursuit Attractions and Hospitality during the 2nd quarter worth about $4,471,000. Raymond James Financial Inc. bought a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at approximately $4,200,000. Finally, Sei Investments Co. bought a new position in Pursuit Attractions and Hospitality in the 2nd quarter valued at $4,131,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Pursuit Attractions and Hospitality Stock Up 2.1%

NYSE:PRSU opened at $48.23 on Thursday. Pursuit Attractions and Hospitality, Inc. has a 1 year low of $32.03 and a 1 year high of $56.51. The stock has a 50-day moving average price of $51.06 and a two-hundred day moving average price of $44.52. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 1.76 and a beta of 1.37. The company has a current ratio of 1.61, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38.

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

Analyst Ratings Changes

Several brokerages have recently commented on PRSU. Oppenheimer reiterated an "outperform" rating and set a $50.00 price target (up from $48.00) on shares of Pursuit Attractions and Hospitality in a research report on Monday, May 11th. Weiss Ratings upgraded Pursuit Attractions and Hospitality from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Finally, Zacks Research lowered Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Pursuit Attractions and Hospitality currently has an average rating of "Moderate Buy" and an average target price of $47.00.

Pursuit Attractions and Hospitality 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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