Pursuit Attractions and Hospitality (NYSE:PRSU) Shares Gap Down Following Weak Earnings

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU)’s stock price gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $36.57, but opened at $33.02. Pursuit Attractions and Hospitality shares last traded at $35.1560, with a volume of 47,366 shares.

The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.81) by ($0.08). The business had revenue of $57.07 million for the quarter. Pursuit Attractions and Hospitality had a net margin of 5.01% and a return on equity of 5.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PRSU. Stifel Nicolaus increased their price objective on shares of Pursuit Attractions and Hospitality from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Zacks Research lowered shares of Pursuit Attractions and Hospitality from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Oppenheimer reissued an “outperform” rating and set a $48.00 price target on shares of Pursuit Attractions and Hospitality in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Pursuit Attractions and Hospitality in a report on Monday, December 29th. Finally, Wall Street Zen raised Pursuit Attractions and Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

Several institutional investors have recently modified their holdings of PRSU. Illinois Municipal Retirement Fund raised its holdings in shares of 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 acquiring an additional 456 shares during the period. Nuveen LLC increased its holdings in Pursuit Attractions and Hospitality by 0.9% during the 4th quarter. Nuveen LLC now owns 65,398 shares of the company’s stock worth $2,203,000 after purchasing an additional 592 shares in the last quarter. CenterBook Partners LP increased its holdings in Pursuit Attractions and Hospitality by 3.8% during the 3rd quarter. CenterBook Partners LP now owns 16,546 shares of the company’s stock worth $599,000 after purchasing an additional 602 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Pursuit Attractions and Hospitality by 803.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the company’s stock worth $28,000 after purchasing an additional 691 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Pursuit Attractions and Hospitality by 4,831.3% in the third quarter. Larson Financial Group LLC now owns 789 shares of the company’s stock valued at $29,000 after purchasing an additional 773 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Pursuit Attractions and Hospitality Stock Down 3.9%

The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm’s 50 day simple moving average is $35.07 and its 200-day simple moving average is $35.37. The stock has a market capitalization of $994.04 million, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 1.86 and a beta of 1.46.

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.