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

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) reached a new 52-week high 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.

Analysts Set New Price Targets

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

Pursuit Attractions and Hospitality Stock Performance

The company has a quick ratio of 1.47, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. The business has a 50 day simple moving average of $51.06 and a two-hundred day simple moving average of $44.93. The firm has a market cap of $1.57 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.46.

Pursuit Attractions and Hospitality (NYSE:PRSU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, beating 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 during the quarter. As a group, equities research 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

A number of large investors have recently made changes to their positions in the business. Fortitude Family Office LLC purchased a new stake in Pursuit Attractions and Hospitality in the third quarter valued at about $55,000. Farther Finance Advisors LLC increased its holdings in shares of Pursuit Attractions and Hospitality by 1,501.0% during the third 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 in the last quarter. State of Wyoming acquired a new position in shares of Pursuit Attractions and Hospitality during the third quarter valued at about $200,000. AXQ Capital LP purchased a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter valued at approximately $226,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter valued at approximately $293,000. 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.