Pursuit Attractions and Hospitality (NYSE:PRSU) Stock Price Up 7.7% – Here’s What Happened

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) shares rose 7.7% during trading on Wednesday . The company traded as high as $35.65 and last traded at $35.5850. Approximately 113,065 shares traded hands during trading, a decline of 52% from the average daily volume of 235,948 shares. The stock had previously closed at $33.04.

Analyst Ratings Changes

PRSU has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Pursuit Attractions and Hospitality from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Pursuit Attractions and Hospitality in a report on Monday, December 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Pursuit Attractions and Hospitality in a research report on Friday, November 7th. Wall Street Zen raised shares of Pursuit Attractions and Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Zacks Research raised shares of Pursuit Attractions and Hospitality from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $34.00.

Pursuit Attractions and Hospitality Price Performance

The firm’s 50 day moving average price is $34.20 and its two-hundred day moving average price is $34.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.97. The stock has a market cap of $989.94 million, a PE ratio of 2.80, a P/E/G ratio of 1.75 and a beta of 1.46.

Pursuit Attractions and Hospitality (NYSE:PRSU) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Pursuit Attractions and Hospitality had a return on equity of 17.61% and a net margin of 82.54%.The business had revenue of $241.02 million for the quarter. On average, research analysts expect that Pursuit Attractions and Hospitality, Inc. will post 1.25 earnings per share for the current year.

Insider Activity

In related news, CEO David W. Barry bought 755 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average cost of $33.39 per share, for a total transaction of $25,209.45. Following the completion of the transaction, the chief executive officer owned 110,430 shares of the company’s stock, valued at approximately $3,687,257.70. The trade was a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Pursuit Attractions and Hospitality

Hedge funds have recently added to or reduced their stakes in the company. Crestview Partners IV GP L.P. bought a new stake in Pursuit Attractions and Hospitality in the 2nd quarter worth $193,103,000. Intech Investment Management LLC purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter worth about $337,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Pursuit Attractions and Hospitality in the second quarter worth about $43,665,000. Ensign Peak Advisors Inc purchased a new position in Pursuit Attractions and Hospitality during the 2nd quarter valued at about $455,000. Finally, Sims Investment Management LLC purchased a new position in Pursuit Attractions and Hospitality during the 2nd quarter valued at about $1,124,000. Institutional investors own 89.91% of the company’s stock.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions and Hospitality Inc (NYSE: PRSU) is a travel and leisure company focused on delivering immersive experiences at some of North America’s most celebrated destinations. The company’s core operations span scenic attractions such as mountain gondolas and tramways, alpine lodges and wilderness excursions, as well as complementary dining venues that showcase regional flavors. By integrating guided tours, wildlife viewing and seasonal activities, Pursuit aims to create memorable experiences for both individual and group travelers.

In the mountain segment, Pursuit operates marquee attractions including the Banff Gondola and Jasper SkyTram in Canada’s Rocky Mountains, supported by on-site accommodations like Emerald Lake Lodge.