Pursuit Attractions and Hospitality (NYSE:PRSU) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Pursuit Attractions and Hospitality (NYSE:PRSU) announced its quarterly earnings results on Wednesday. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09, Zacks reports. Pursuit Attractions and Hospitality had a return on equity of 21.30% and a net margin of 51.67%.

Pursuit Attractions and Hospitality Price Performance

Pursuit Attractions and Hospitality stock traded up $2.26 during midday trading on Wednesday, reaching $36.65. 261,915 shares of the company were exchanged, compared to its average volume of 246,648. The firm’s 50-day simple moving average is $36.29 and its 200-day simple moving average is $32.38. Pursuit Attractions and Hospitality has a 1 year low of $26.66 and a 1 year high of $47.49. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 3.17, a P/E/G ratio of 2.12 and a beta of 1.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.04.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PRSU shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pursuit Attractions and Hospitality in a research note on Wednesday, October 8th. Oppenheimer restated an “outperform” rating on shares of Pursuit Attractions and Hospitality in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.67.

Insider Transactions at Pursuit Attractions and Hospitality

In other news, Director Jill Bright purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were bought at an average cost of $36.77 per share, with a total value of $36,770.00. Following the purchase, the director directly owned 6,311 shares of the company’s stock, valued at approximately $232,055.47. This trade represents a 18.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

Institutional investors and hedge funds have recently modified their holdings of the company. SkyView Investment Advisors LLC grew its stake in Pursuit Attractions and Hospitality by 3.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 24,157 shares of the company’s stock worth $698,000 after acquiring an additional 783 shares during the period. State of Wyoming acquired a new stake in shares of Pursuit Attractions and Hospitality during the second quarter worth $38,000. Tower Research Capital LLC TRC purchased a new stake in shares of Pursuit Attractions and Hospitality in the second quarter valued at $67,000. Lazard Asset Management LLC purchased a new stake in shares of Pursuit Attractions and Hospitality in the second quarter valued at $144,000. Finally, State of Tennessee Department of Treasury acquired a new position in Pursuit Attractions and Hospitality in the second quarter valued at $147,000. Hedge funds and other 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.