48,562 Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,562 shares of the company's stock, valued at approximately $1,306,000.

Several other hedge funds have also recently added to or reduced their stakes in ATAT. Norges Bank acquired a new position in shares of Atour Lifestyle in the fourth quarter worth about $36,489,000. William Blair Investment Management LLC purchased a new stake in shares of Atour Lifestyle in the 4th quarter valued at approximately $24,433,000. Renaissance Technologies LLC boosted its stake in Atour Lifestyle by 56.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company's stock worth $32,765,000 after purchasing an additional 441,200 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Atour Lifestyle by 1,250.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock worth $11,962,000 after purchasing an additional 411,893 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Atour Lifestyle by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after purchasing an additional 402,974 shares during the period. Institutional investors and hedge funds own 17.79% of the company's stock.

Atour Lifestyle Stock Up 2.4 %

Atour Lifestyle stock opened at $23.82 on Wednesday. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32. The stock has a market cap of $3.28 billion, a P/E ratio of 20.53, a P/E/G ratio of 0.59 and a beta of 0.51. The company's fifty day simple moving average is $28.22 and its 200-day simple moving average is $27.30.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. On average, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ATAT. UBS Group set a $37.30 price target on Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. Bank of America upped their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th.

About Atour Lifestyle

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.

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