Pursuit Attractions and Hospitality (NYSE:PRSU) Shares Gap Up Following Strong Earnings

Key Points

• Pursuit Attractions and Hospitality (NYSE:PRSU) shares gapped up from $30.05 to $35.65 after reporting better than expected quarterly earnings, with an EPS of $0.36 beating the consensus estimate of $0.26.
• The company's revenue for the quarter was $116.74 million, exceeding analyst expectations of $110.30 million, and it boasts a return on equity of 33.27%.
• In terms of institutional trading, 89.91% of the company's stock is owned by institutional investors, with significant recent stakes acquired by several firms totaling over $43 million in new investments.

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Get Free Report)'s stock price gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $30.05, but opened at $35.65. Pursuit Attractions and Hospitality shares last traded at $34.30, with a volume of 42,745 shares trading hands.

The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. The business had revenue of $116.74 million during the quarter, compared to the consensus estimate of $110.30 million. Pursuit Attractions and Hospitality had a net margin of 51.67% and a return on equity of 21.30%.

Analyst Ratings Changes

PRSU has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on Pursuit Attractions and Hospitality in a report on Thursday, May 29th. They set a "buy" rating and a $38.00 price objective for the company. Oppenheimer reiterated an "outperform" rating on shares of Pursuit Attractions and Hospitality in a research report on Friday. Finally, Craig Hallum restated a "buy" rating and set a $10.00 target price on shares of Pursuit Attractions and Hospitality in a report on Thursday, May 22nd.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

A number of institutional investors and hedge funds have recently modified their holdings of PRSU. DekaBank Deutsche Girozentrale bought a new stake in Pursuit Attractions and Hospitality during the 2nd quarter valued at $32,000. AlphaQuest LLC acquired a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter valued at about $87,000. KLP Kapitalforvaltning AS acquired a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter valued at about $112,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Pursuit Attractions and Hospitality in the 2nd quarter worth about $125,000. Finally, Amalgamated Bank acquired a new position in Pursuit Attractions and Hospitality in the 2nd quarter worth about $174,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Pursuit Attractions and Hospitality Stock Down 2.7%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.89. The business has a fifty day simple moving average of $29.68 and a 200 day simple moving average of $32.73. The firm has a market cap of $963.72 million, a price-to-earnings ratio of 2.95, a PEG ratio of 2.12 and a beta of 1.91.

About Pursuit Attractions and Hospitality

Pursuit Attractions & Hospitality, Inc engages in the provision of hospitality and leisure activities, experiential marketing, and live events. It operates through the following segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment provides travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.