Pursuit Attractions and Hospitality (NYSE:PRSU) Hits New 52-Week High - Here's What Happened

Key Points

• Pursuit Attractions and Hospitality (NYSE:PRSU) hit a new 52-week high at $45.23 (last $45.15) on Thursday, even as Zacks downgraded the stock from "strong-buy" to "hold" and the consensus price target sits at $34.00.
• The company reported quarterly EPS of ($0.94) in line with estimates on $51.64 million in revenue, while valuation metrics show a high trailing P/E of 54.08 and liquidity ratios below 1 (current ratio 0.81, quick ratio 0.65).
• Institutional investors hold about 89.9% of the shares, with several funds recently increasing or initiating positions.

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $45.23 and last traded at $45.15, with a volume of 20511 shares changing hands. The stock had previously closed at $41.90.

Analysts Set New Price Targets

Separately, Zacks Research lowered Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 9th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.00.

Pursuit Attractions and Hospitality Stock Performance

The company has a market cap of $1.16 billion, a PE ratio of 54.08, a P/E/G ratio of 1.96 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $38.35 and a 200-day moving average of $36.13.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.94) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.94). Pursuit Attractions and Hospitality had a return on equity of 5.23% and a net margin of 5.01%.The company had revenue of $51.64 million for the quarter. Equities research analysts anticipate that Pursuit Attractions and Hospitality, Inc. will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PRSU. 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 valued at $28,000 after purchasing an additional 691 shares during the period. Larson Financial Group LLC grew its holdings in shares of Pursuit Attractions and Hospitality by 4,831.3% during the 3rd quarter. Larson Financial Group LLC now owns 789 shares of the company's stock worth $29,000 after acquiring an additional 773 shares during the period. State of Wyoming purchased a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $38,000. Kemnay Advisory Services Inc. purchased a new position in shares of Pursuit Attractions and Hospitality during the 4th quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $67,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

About Pursuit Attractions and Hospitality

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.

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