Pursuit Attractions and Hospitality (NYSE:PRSU) Sets New 12-Month High Following Analyst Upgrade

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) shares hit a new 52-week high on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $45.23 and last traded at $45.15, with a volume of 20511 shares changing hands. The stock had previously closed at $41.90.

Institutional Investors Weigh In On Pursuit Attractions and Hospitality

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Pursuit Attractions and Hospitality in the 2nd quarter worth approximately $295,000. American Century Companies Inc. acquired a new stake in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $1,297,000. Invesco Ltd. acquired a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter worth approximately $3,838,000. First Trust Advisors LP acquired a new stake in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $1,365,000. Finally, Marshall Wace LLP acquired a new stake in Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $4,038,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Pursuit Attractions and Hospitality Stock Up 2.3%

The company has a current ratio of 1.54, a quick ratio of 0.65 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41. The firm’s 50 day moving average price is $38.44 and its two-hundred day moving average price is $36.18.

Pursuit Attractions and Hospitality (NYSE:PRSU) last released its earnings results on Wednesday, May 6th. The company reported ($0.94) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.94). The business had revenue of $51.64 million during the quarter. Pursuit Attractions and Hospitality had a net margin of 6.19% and a return on equity of 5.30%. Sell-side analysts anticipate that Pursuit Attractions and Hospitality, Inc. will post 1.51 earnings per share for the current fiscal year.

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.