TimesSquare Capital Management LLC Acquires Shares of 816,511 Pursuit Attractions and Hospitality, Inc. $PRSU

Key Points

• TimesSquare Capital Management acquired 816,511 shares of Pursuit Attractions and Hospitality, valued at approximately $45.7 million, giving it a 2.99% stake. Institutional investors collectively own 89.91% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and a $47.00 target price. Oppenheimer raised its target to $50 while maintaining an “outperform” rating, although Zacks downgraded the stock to “hold.”
• Pursuit reported quarterly EPS of $0.50, narrowly beating estimates of $0.49, on revenue of $133.49 million. Shares opened at $47.82, compared with a 52-week range of $32.03 to $56.51.

TimesSquare Capital Management LLC bought a new position in Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 816,511 shares of the company's stock, valued at approximately $45,700,000. TimesSquare Capital Management LLC owned 2.99% of Pursuit Attractions and Hospitality as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Alliancebernstein L.P. purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at $20,657,000. Bank of America Corp DE purchased a new position in Pursuit Attractions and Hospitality in the 2nd quarter worth about $6,587,000. Bank of New York Mellon Corp bought a new stake in Pursuit Attractions and Hospitality during the 2nd quarter valued at about $9,287,000. Qube Research & Technologies Ltd bought a new stake in Pursuit Attractions and Hospitality during the 2nd quarter valued at about $4,471,000. Finally, Raymond James Financial Inc. bought a new stake in Pursuit Attractions and Hospitality during the 2nd quarter valued at about $4,200,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PRSU. Oppenheimer restated an "outperform" rating and issued a $50.00 target price (up from $48.00) on shares of Pursuit Attractions and Hospitality in a research note on Monday, May 11th. Zacks Research lowered Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 9th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Pursuit Attractions and Hospitality in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $47.00.

Pursuit Attractions and Hospitality Price Performance

NYSE PRSU opened at $47.82 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.61. The firm's 50 day moving average price is $51.23 and its 200-day moving average price is $43.46. Pursuit Attractions and Hospitality, Inc. has a 52-week low of $32.03 and a 52-week high of $56.51. The company has a market cap of $1.30 billion, a PE ratio of 35.96, a P/E/G ratio of 1.75 and a beta of 1.37.

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 the consensus estimate of $0.49 by $0.01. The company 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%. Sell-side analysts forecast that Pursuit Attractions and Hospitality, Inc. will post 1.83 EPS for the current fiscal year.

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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