Pursuit Attractions and Hospitality (NYSE:PRSU) Downgraded to “Hold” Rating by Zacks Research

Pursuit Attractions and Hospitality (NYSE:PRSU) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on PRSU. Oppenheimer reissued an “outperform” rating and issued a $48.00 target price on shares of Pursuit Attractions and Hospitality in a research report on Friday, November 7th. Stifel Nicolaus raised 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 research note on Wednesday, December 10th. Wall Street Zen raised shares of Pursuit Attractions and Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pursuit Attractions and Hospitality in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Pursuit Attractions and Hospitality presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Pursuit Attractions and Hospitality Trading Up 0.7%

Shares of PRSU opened at $37.75 on Monday. The business’s 50-day moving average price is $34.79 and its 200 day moving average price is $34.93. 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 stock has a market capitalization of $1.07 billion, a P/E ratio of 3.02, a P/E/G ratio of 1.91 and a beta of 1.46. Pursuit Attractions and Hospitality has a 1-year low of $26.66 and a 1-year high of $41.72.

Insider Transactions at Pursuit Attractions and Hospitality

In other news, CEO David W. Barry acquired 755 shares of Pursuit Attractions and Hospitality stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of $33.39 per share, with a total value of $25,209.45. Following the completion of the transaction, the chief executive officer owned 110,430 shares in the company, valued at approximately $3,687,257.70. This trade represents a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Pursuit Attractions and Hospitality

Several institutional investors have recently made changes to their positions in PRSU. KLP Kapitalforvaltning AS acquired a new position in Pursuit Attractions and Hospitality in the second quarter worth approximately $112,000. Allspring Global Investments Holdings LLC bought a new stake in Pursuit Attractions and Hospitality in the second quarter worth approximately $43,665,000. Yousif Capital Management LLC bought a new stake in Pursuit Attractions and Hospitality in the second quarter worth approximately $231,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth $3,279,000. Finally, New York State Teachers Retirement System bought a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at $961,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.