Pursuit Attractions and Hospitality (NYSE:PRSU) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Pursuit Attractions and Hospitality (NYSE:PRSU) from a hold rating to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Several other research firms have also recently weighed in on PRSU. Wall Street Zen upgraded Pursuit Attractions and Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Pursuit Attractions and Hospitality in a report on Monday. Stifel Nicolaus boosted their price target on shares of Pursuit Attractions and Hospitality from $43.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Oppenheimer restated an “outperform” rating and issued a $48.00 price objective on shares of Pursuit Attractions and Hospitality in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $34.00.

Pursuit Attractions and Hospitality Trading Up 0.6%

NYSE PRSU opened at $35.83 on Thursday. The firm has a market cap of $1.01 billion, a PE ratio of 2.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.50. Pursuit Attractions and Hospitality has a 1-year low of $26.66 and a 1-year high of $46.50. The stock has a 50-day moving average of $34.86 and a 200-day moving average of $33.26. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Pursuit Attractions and Hospitality (NYSE:PRSU) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $241.02 million during the quarter. Pursuit Attractions and Hospitality had a net margin of 82.54% and a return on equity of 17.61%. As a group, sell-side analysts forecast that Pursuit Attractions and Hospitality will post 1.25 EPS for the current year.

Insider Buying and Selling at Pursuit Attractions and Hospitality

In other Pursuit Attractions and Hospitality news, CEO David W. Barry bought 755 shares of the stock in a transaction dated Monday, November 17th. The stock was purchased at an average cost of $33.39 per share, for a total transaction of $25,209.45. Following the completion of the acquisition, the chief executive officer owned 110,430 shares of the company’s stock, valued at approximately $3,687,257.70. This trade represents a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRSU. Crestview Partners IV GP L.P. bought a new stake in Pursuit Attractions and Hospitality in the second quarter worth $193,103,000. River Road Asset Management LLC purchased a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter worth about $59,213,000. Allspring Global Investments Holdings LLC bought a new position in Pursuit Attractions and Hospitality in the 2nd quarter worth about $43,665,000. GRS Advisors LLC bought a new stake in Pursuit Attractions and Hospitality during the 3rd quarter valued at about $28,507,000. Finally, Alliancebernstein L.P. purchased a new position in Pursuit Attractions and Hospitality in the second quarter worth about $20,657,000. Institutional investors own 89.91% of the company’s stock.

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.