Pursuit Attractions and Hospitality (NYSE:PRSU) Stock Price Up 1.8% - Still a Buy?

Key Points

• Pursuit Attractions and Hospitality's stock rose 1.8% to $35.11, with a market cap of $992.74 million and a price-to-earnings ratio of 3.04.
• The company reported $0.36 earnings per share for the last quarter, exceeding analyst expectations of $0.26.
• Institutional investors own approximately 89.91% of the company's stock, with several firms recently acquiring significant positions in the business.

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Get Free Report) shares shot up 1.8% during mid-day trading on Wednesday . The company traded as high as $35.27 and last traded at $35.11. 171,864 shares changed hands during trading, a decline of 7% from the average session volume of 183,974 shares. The stock had previously closed at $34.48.

Analyst Ratings Changes

A number of research firms have issued reports on PRSU. Oppenheimer reissued an "outperform" rating on shares of Pursuit Attractions and Hospitality in a research report on Friday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Pursuit Attractions and Hospitality in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Pursuit Attractions and Hospitality presently has an average rating of "Moderate Buy" and a consensus price target of $29.67.

Pursuit Attractions and Hospitality Stock Up 1.8%

The business's 50 day moving average is $35.44 and its 200-day moving average is $32.04. The stock has a market cap of $992.74 million, a price-to-earnings ratio of 3.04, a PEG ratio of 2.09 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.04.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.10. Pursuit Attractions and Hospitality had a net margin of 51.67% and a return on equity of 21.30%. The firm had revenue of $116.74 million for the quarter, compared to analysts' expectations of $110.30 million. On average, sell-side analysts predict that Pursuit Attractions and Hospitality, Inc. will post 1.25 EPS for the current fiscal year.

Insider Transactions at Pursuit Attractions and Hospitality

In other Pursuit Attractions and Hospitality news, Director Jill Bright bought 1,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were bought at an average price of $36.77 per share, with a total value of $36,770.00. Following the purchase, the director directly owned 6,311 shares in the company, valued at $232,055.47. This trade represents a 18.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pursuit Attractions and Hospitality

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crestview Partners IV GP L.P. acquired a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at about $193,103,000. River Road Asset Management LLC acquired a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at about $59,213,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at about $43,665,000. Alliancebernstein L.P. acquired a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at about $20,657,000. Finally, Geode Capital Management LLC acquired a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at about $14,544,000. Institutional investors and hedge funds own 89.91% of the company's stock.

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.

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