Pursuit Attractions and Hospitality (NYSE:PRSU) Reaches New 12-Month High – Time to Buy?

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) shares hit a new 52-week high during trading on Thursday. The company traded as high as $56.52 and last traded at $56.3510, with a volume of 146,968 shares changing hands. The stock had previously closed at $53.34.

Analyst Upgrades and Downgrades

PRSU has been the subject of several research analyst reports. Citigroup initiated coverage on Pursuit Attractions and Hospitality in a research report on Friday, September 25th. They issued an “outperform” rating for the company. Jefferies Financial Group initiated coverage on Pursuit Attractions and Hospitality in a research note on Wednesday, September 9th. They issued a “buy” rating and a $61.00 price objective on the stock. Zacks Research upgraded Pursuit Attractions and Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Weiss Ratings lowered Pursuit Attractions and Hospitality from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. Finally, Citizens Jmp initiated coverage on 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. 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 stock. According to data from MarketBeat.com, Pursuit Attractions and Hospitality currently has an average rating of “Buy” and a consensus target price of $54.75.

Pursuit Attractions and Hospitality Stock Up 0.2%

The firm’s 50 day moving average price is $49.53 and its two-hundred day moving average price is $47.60. The company has a market cap of $1.50 billion, a P/E ratio of 41.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.61.

Pursuit Attractions and Hospitality (NYSE:PRSU) last released its earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $133.49 million for the quarter. Pursuit Attractions and Hospitality had a net margin of 7.94% and a return on equity of 5.93%. Equities research analysts anticipate that Pursuit Attractions and Hospitality, Inc. will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

Several institutional investors have recently made changes to their positions in PRSU. Fortitude Family Office LLC acquired 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 holdings in Pursuit Attractions and Hospitality by 1,501.0% in the third quarter. Farther Finance Advisors LLC now owns 1,665 shares of the company’s stock worth $83,000 after acquiring an additional 1,561 shares in the last quarter. Engineers Gate Manager LP bought a new position in Pursuit Attractions and Hospitality in the second quarter worth approximately $1,434,000. Squarepoint Ops LLC bought a new position in Pursuit Attractions and Hospitality in the second quarter worth approximately $4,396,000. Finally, Amundi acquired a new stake in Pursuit Attractions and Hospitality in the second quarter valued at approximately $363,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions and Hospitality, Inc operates a portfolio of experiential travel businesses in North America. The company combines destination attractions, guided tours, lodging, and related hospitality services in scenic gateway destinations.

Its offerings include sightseeing and adventure experiences such as mountain gondolas, glacier excursions, scenic tours, wildlife and marine tours, and other destination-based activities. Pursuit also operates hotels, lodges, campgrounds, restaurants, retail outlets, and transportation services designed to support travelers visiting national parks and other prominent natural attractions.

The company serves visitors in destinations across Canada and the United States, including the Canadian Rockies, Alaska, and Montana’s Glacier National Park region.