Pursuit Attractions and Hospitality (NYSE:PRSU) Trading Down 1% - Time to Sell?

Key Points

• Pursuit Attractions and Hospitality (NYSE:PRSU) experienced a 1% decline in stock price, trading at $34.92 after reaching a low of $34.35.
• Equities analysts have set a consensus buy rating for the stock, with an average price target of $29.67, despite a lower target of $10 from one analyst and $38 from another.
• The company reported earnings per share of $0.36 for its last quarter, surpassing expectations, with a revenue of $116.74 million exceeding analyst predictions of $110.30 million.

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Get Free Report)'s stock price traded down 1% on Wednesday . The stock traded as low as $34.35 and last traded at $34.92. 340,127 shares were traded during trading, a decline of 1% from the average session volume of 342,207 shares. The stock had previously closed at $35.28.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Craig Hallum restated a "buy" rating and set a $10.00 price objective on shares of Pursuit Attractions and Hospitality in a research note on Thursday, May 22nd. Stifel Nicolaus began coverage on Pursuit Attractions and Hospitality in a research report on Thursday, May 29th. They set a "buy" rating and a $38.00 target price for the company. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Pursuit Attractions and Hospitality in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $29.67.

Pursuit Attractions and Hospitality Trading Down 1.0%

The stock has a market capitalization of $987.36 million, a PE ratio of 3.02, a price-to-earnings-growth ratio of 2.14 and a beta of 1.91. The firm has a 50-day moving average price of $30.71 and a 200-day moving average price of $32.62. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. Pursuit Attractions and Hospitality had a return on equity of 21.30% and a net margin of 51.67%.The company had revenue of $116.74 million during the quarter, compared to analyst estimates of $110.30 million. As a group, equities analysts forecast that Pursuit Attractions and Hospitality, Inc. will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Pursuit Attractions and Hospitality

Several large investors have recently added to or reduced their stakes in PRSU. Crestview Partners IV GP L.P. purchased a new stake in Pursuit Attractions and Hospitality in the 2nd quarter worth about $193,103,000. River Road Asset Management LLC purchased a new stake in Pursuit Attractions and Hospitality in the 2nd quarter worth about $59,213,000. Allspring Global Investments Holdings LLC purchased a new stake in Pursuit Attractions and Hospitality in the 2nd quarter worth about $43,665,000. Alliancebernstein L.P. purchased a new stake in Pursuit Attractions and Hospitality in the 2nd quarter worth about $20,657,000. Finally, Geode Capital Management LLC purchased a new stake in Pursuit Attractions and Hospitality in the 2nd quarter worth about $14,544,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions & Hospitality, Inc engages in the provision of hospitality and leisure activities, experiential marketing, and live events. It operates through the following segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment provides travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.

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