Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) Receives Consensus Rating of “Buy” from Brokerages

Shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) have earned a consensus recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.00.

PRSU has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Pursuit Attractions and Hospitality from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Pursuit Attractions and Hospitality in a report on Monday. Zacks Research raised Pursuit Attractions and Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 11th. Oppenheimer reissued an “outperform” rating and set a $48.00 price target on shares of Pursuit Attractions and Hospitality in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded Pursuit Attractions and Hospitality from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th.

Pursuit Attractions and Hospitality Stock Down 0.8%

NYSE:PRSU opened at $36.51 on Friday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 2.92, a price-to-earnings-growth ratio of 1.90 and a beta of 1.50. Pursuit Attractions and Hospitality has a twelve month low of $26.66 and a twelve month high of $45.43. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $34.95 and a 200-day simple moving average of $33.48.

Pursuit Attractions and Hospitality (NYSE:PRSU) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Pursuit Attractions and Hospitality had a net margin of 82.54% and a return on equity of 17.61%. The company had revenue of $241.02 million for the quarter. Analysts anticipate that Pursuit Attractions and Hospitality will post 1.25 EPS for the current year.

Insider Buying and Selling

In other Pursuit Attractions and Hospitality news, CEO David W. Barry purchased 755 shares of Pursuit Attractions and Hospitality stock in a transaction dated Monday, November 17th. The stock was acquired at an average price of $33.39 per share, for a total transaction of $25,209.45. Following the acquisition, the chief executive officer owned 110,430 shares in the company, valued at $3,687,257.70. This trade represents a 0.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the business. Penn Capital Management Company LLC increased its holdings in Pursuit Attractions and Hospitality by 1.8% during the third quarter. Penn Capital Management Company LLC now owns 342,558 shares of the company’s stock valued at $12,407,000 after buying an additional 6,103 shares during the period. CIBC Private Wealth Group LLC boosted its position in Pursuit Attractions and Hospitality by 737.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,884 shares of the company’s stock valued at $68,000 after acquiring an additional 1,659 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Pursuit Attractions and Hospitality by 803.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the company’s stock valued at $28,000 after acquiring an additional 691 shares in the last quarter. Armistice Capital LLC purchased a new position in shares of Pursuit Attractions and Hospitality in the 3rd quarter valued at $1,719,000. Finally, Verition Fund Management LLC bought a new position in shares of Pursuit Attractions and Hospitality in the 3rd quarter worth $346,000. 89.91% of the stock is currently owned by institutional investors.

About Pursuit Attractions and Hospitality

Pursuit Attractions & Hospitality, Inc engages in the provision of hospitality and leisure activities, experiential marketing, and live events. It operates through the following segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment provides travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.