Pursuit Attractions and Hospitality (NYSE:PRSU) Sets New 1-Year High - Here's What Happened

Key Points

• Pursuit Attractions and Hospitality reached a new 52-week high, trading as high as $56.52 and gaining 3.6% from its prior close, giving the company a market capitalization of approximately $1.51 billion.
• Analyst sentiment is broadly positive: the stock carries a consensus “Buy” rating, with one Strong Buy, five Buys, and one Hold; recent price targets range from $61 to $64.
• The company slightly beat quarterly EPS expectations, reporting $0.50 versus the $0.49 consensus estimate, while institutional investors own about 89.9% of outstanding shares.

Shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Get Free Report) hit a new 52-week high on Thursday. The stock traded as high as $56.52 and last traded at $56.3510, with a volume of 146,968 shares traded. The stock had previously closed at $53.34.

Analyst Upgrades and Downgrades

PRSU has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on Pursuit Attractions and Hospitality in a research report on Wednesday, September 9th. They set a "buy" rating and a $61.00 price objective on the stock. Citizens Jmp started coverage on shares of Pursuit Attractions and Hospitality in a research note on Friday, September 25th. They set a "market outperform" rating and a $64.00 target price for the company. Weiss Ratings downgraded Pursuit Attractions and Hospitality from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 2nd. Zacks Research upgraded shares of Pursuit Attractions and Hospitality from a "hold" rating to a "strong-buy" rating in a report on Monday, October 5th. Finally, Citigroup started coverage on Pursuit Attractions and Hospitality in a research report on Friday, September 25th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Pursuit Attractions and Hospitality presently has a consensus rating of "Buy" and an average target price of $54.75.

Pursuit Attractions and Hospitality Trading Up 3.6%

The business's 50 day simple moving average is $49.19 and its 200 day simple moving average is $47.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 1.47. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.43.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. Pursuit Attractions and Hospitality had a return on equity of 5.93% and a net margin of 7.94%. The business had revenue of $133.49 million for the quarter. Research analysts anticipate that Pursuit Attractions and Hospitality, Inc. will post 1.79 EPS for the current year.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRSU. Fortitude Family Office LLC acquired a new position in shares of Pursuit Attractions and Hospitality during the third quarter worth about $55,000. Farther Finance Advisors LLC increased its position in shares of Pursuit Attractions and Hospitality by 1,501.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,665 shares of the company's stock worth $83,000 after purchasing an additional 1,561 shares during the last quarter. AXQ Capital LP bought a new position in shares of Pursuit Attractions and Hospitality during the second quarter worth about $226,000. Oppenheimer Asset Management Inc. acquired a new position in Pursuit Attractions and Hospitality in the second quarter worth about $293,000. Finally, Alpine Woods Capital Investors LLC acquired a new stake in Pursuit Attractions and Hospitality during the second quarter valued at approximately $307,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions and Hospitality, Inc operates a portfolio of experiential travel businesses in North America. The company combines destination attractions, guided tours, lodging, and related hospitality services in scenic gateway destinations.

Its offerings include sightseeing and adventure experiences such as mountain gondolas, glacier excursions, scenic tours, wildlife and marine tours, and other destination-based activities. Pursuit also operates hotels, lodges, campgrounds, restaurants, retail outlets, and transportation services designed to support travelers visiting national parks and other prominent natural attractions.

The company serves visitors in destinations across Canada and the United States, including the Canadian Rockies, Alaska, and Montana's Glacier National Park region.

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