Penn Capital Management Company LLC Sells 31,385 Shares of Pursuit Attractions and Hospitality, Inc. $PRSU

Key Points

• Penn Capital Management reduced its Pursuit Attractions and Hospitality stake by 8.5%, selling 31,385 shares and retaining 336,981 shares worth approximately $18.9 million. Institutional investors own 89.91% of the company, with several major firms initiating new positions during the second quarter.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $47.00. Oppenheimer raised its target to $50 while maintaining an “outperform” rating, although Zacks downgraded the stock to “hold.”
• PRSU recently opened at $49.89 and reported quarterly EPS of $0.50, slightly ahead of estimates, on revenue of $133.49 million. The company has a $1.36 billion market capitalization and a 52-week trading range of $32.03 to $56.51.

Penn Capital Management Company LLC trimmed its position in shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Free Report) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 336,981 shares of the company's stock after selling 31,385 shares during the quarter. Penn Capital Management Company LLC owned about 1.24% of Pursuit Attractions and Hospitality worth $18,879,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $183,218,000. TimesSquare Capital Management LLC purchased a new stake in Pursuit Attractions and Hospitality during the second quarter valued at approximately $45,700,000. Alliancebernstein L.P. acquired a new stake in Pursuit Attractions and Hospitality in the second quarter valued at approximately $20,657,000. Bank of America Corp DE acquired a new stake in Pursuit Attractions and Hospitality in the second quarter valued at approximately $6,587,000. Finally, Bank of New York Mellon Corp purchased a new position in Pursuit Attractions and Hospitality in the second quarter worth $9,287,000. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PRSU. Oppenheimer reaffirmed 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. Zacks Research cut Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded Pursuit Attractions and Hospitality from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Pursuit Attractions and Hospitality has a consensus rating of "Moderate Buy" and an average target price of $47.00.

Pursuit Attractions and Hospitality Stock Performance

Shares of Pursuit Attractions and Hospitality stock opened at $49.89 on Friday. The company has a 50 day moving average price of $51.33 and a 200 day moving average price of $44.25. The firm has a market capitalization of $1.36 billion, a P/E ratio of 37.51, a PEG ratio of 1.85 and a beta of 1.37. 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, Inc. has a 52 week low of $32.03 and a 52 week high of $56.51.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last released its 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 net margin of 7.94% and a return on equity of 5.93%. The company had revenue of $133.49 million for the quarter. Sell-side analysts expect that Pursuit Attractions and Hospitality, Inc. will post 1.79 EPS for the current year.

About Pursuit Attractions and Hospitality

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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