Penn Capital Management Company LLC Reduces Stock Position in Pursuit Attractions and Hospitality, Inc. $PRSU

Penn Capital Management Company LLC cut its position in Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) by 8.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 336,981 shares of the company’s stock after selling 31,385 shares during the period. Penn Capital Management Company LLC’s holdings in Pursuit Attractions and Hospitality were worth $18,879,000 at the end of the most recent quarter.

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

Pursuit Attractions and Hospitality Stock Performance

Shares of PRSU stock opened at $49.89 on Friday. 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 quick ratio of 1.47, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.36 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 1.85 and a beta of 1.37. The business has a 50-day simple moving average of $51.33 and a 200-day simple moving average of $44.25.

Pursuit Attractions and Hospitality (NYSE:PRSU) last posted its earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. The firm had revenue of $133.49 million for the quarter. Pursuit Attractions and Hospitality had a return on equity of 5.93% and a net margin of 7.94%. On average, equities analysts expect that Pursuit Attractions and Hospitality, Inc. will post 1.79 EPS for the current year.

Analyst Upgrades and Downgrades

PRSU has been the subject of several research reports. Oppenheimer restated an “outperform” rating and set a $50.00 price objective (up from $48.00) on shares of Pursuit Attractions and Hospitality in a research note on Monday, May 11th. Zacks Research lowered shares of Pursuit Attractions and Hospitality from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings raised shares of Pursuit Attractions and Hospitality from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Pursuit Attractions and Hospitality has an average rating of “Moderate Buy” and an average target price of $47.00.

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.