Quantbot Technologies LP Makes New Investment in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Quantbot Technologies LP purchased a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,712 shares of the company's stock, valued at approximately $933,000.

Several other hedge funds also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Atour Lifestyle by 174.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company's stock valued at $28,965,000 after buying an additional 709,700 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Atour Lifestyle by 24.6% during the third quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company's stock valued at $26,215,000 after acquiring an additional 199,330 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Atour Lifestyle during the 4th quarter worth approximately $24,433,000. FMR LLC lifted its stake in Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company's stock worth $23,085,000 after purchasing an additional 693,342 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in Atour Lifestyle by 135.2% in the 4th quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company's stock valued at $15,631,000 after purchasing an additional 334,200 shares during the period. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Stock Down 2.3 %

Shares of NASDAQ ATAT traded down $0.66 during trading hours on Friday, reaching $28.45. 1,098,036 shares of the stock traded hands, compared to its average volume of 1,129,582. The company has a market capitalization of $3.91 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.37. The company's 50-day simple moving average is $29.18 and its two-hundred day simple moving average is $27.09. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32.

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Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. As a group, sell-side analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ATAT shares. The Goldman Sachs Group assumed coverage on Atour Lifestyle in a research report on Monday, December 9th. They issued a "buy" rating and a $34.40 price objective on the stock. Bank of America boosted their price objective on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a report on Friday, March 14th. Finally, UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People's Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.