Pursuit Attractions and Hospitality (NYSE:PRSU) Sets New 1-Year High – Here’s Why

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU)’s share price reached a new 52-week high on Wednesday. The company traded as high as $56.57 and last traded at $55.1640, with a volume of 451,204 shares changing hands. The stock had previously closed at $54.94.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PRSU shares. Citigroup started coverage on shares of Pursuit Attractions and Hospitality in a report on Friday, September 25th. They set an “outperform” rating on the stock. Zacks Research raised Pursuit Attractions and Hospitality from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings upgraded Pursuit Attractions and Hospitality from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Jefferies Financial Group assumed coverage on Pursuit Attractions and Hospitality in a report on Wednesday, September 9th. They set a “buy” rating and a $61.00 price objective on the stock. Finally, Citizens Jmp initiated coverage on Pursuit Attractions and Hospitality in a report on Friday, September 25th. They set a “market outperform” rating and a $64.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Pursuit Attractions and Hospitality presently has an average rating of “Buy” and an average price target of $54.75.

Pursuit Attractions and Hospitality Stock Performance

The company’s fifty day simple moving average is $50.28 and its 200 day simple moving average is $48.20. The stock has a market capitalization of $1.54 billion, a P/E ratio of 42.38, a P/E/G ratio of 2.09 and a beta of 1.43. The company has a current ratio of 1.61, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38.

Pursuit Attractions and Hospitality (NYSE:PRSU) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Pursuit Attractions and Hospitality had a net margin of 7.94% and a return on equity of 5.93%. The firm had revenue of $133.49 million for the quarter. As a group, sell-side analysts forecast that Pursuit Attractions and Hospitality, Inc. will post 1.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC purchased a new stake in shares of Pursuit Attractions and Hospitality in the 3rd quarter valued at about $55,000. Farther Finance Advisors LLC boosted its position in shares of Pursuit Attractions and Hospitality by 1,501.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,665 shares of the company’s stock valued at $83,000 after acquiring an additional 1,561 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at about $226,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Pursuit Attractions and Hospitality during the second quarter worth about $293,000. Finally, Alpine Woods Capital Investors LLC purchased a new position in shares of Pursuit Attractions and Hospitality during the second quarter worth about $307,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

About Pursuit Attractions and Hospitality

Pursuit Attractions and Hospitality, Inc (NYSE: PRSU) is a destination travel and leisure company that operates attractions, hotels, restaurants, retail outlets and guided tours. Its offerings are designed to provide visitors with travel experiences in scenic and gateway destinations, including sightseeing, adventure and nature-based activities.

The company’s portfolio includes attractions such as gondola rides, observation experiences, scenic tours and aerial sightseeing attractions, along with lodging and hospitality services.