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

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) shares reached a new 52-week high during mid-day trading on Monday. The company traded as high as $56.93 and last traded at $56.9240, with a volume of 3,353 shares traded. The stock had previously closed at $55.28.

Analyst Upgrades and Downgrades

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

Pursuit Attractions and Hospitality Trading Up 0.1%

The stock has a market cap of $1.53 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 2.09 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.61. The company has a 50 day moving average of $51.36 and a two-hundred day moving average of $45.16.

Pursuit Attractions and Hospitality (NYSE:PRSU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $133.49 million for the quarter. Sell-side analysts anticipate that Pursuit Attractions and Hospitality, Inc. will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PRSU. Bank of America Corp DE purchased a new position in Pursuit Attractions and Hospitality during the second quarter valued at $10,797,000. Manatuck Hill Partners LLC purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter worth about $7,914,000. Squarepoint Ops LLC purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter worth about $4,396,000. Legal & General Group Plc purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter worth about $2,642,000. Finally, BlackRock Inc. acquired a new position in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth about $183,218,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Pursuit Attractions and Hospitality Company Profile

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.