Arrowstreet Capital Limited Partnership Boosts Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Arrowstreet Capital Limited Partnership raised its holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 1,250.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 444,844 shares of the company's stock after purchasing an additional 411,893 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.32% of Atour Lifestyle worth $11,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ATAT. The Manufacturers Life Insurance Company boosted its holdings in Atour Lifestyle by 49.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company's stock valued at $1,626,000 after purchasing an additional 20,869 shares in the last quarter. 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 valued at $23,085,000 after buying an additional 693,342 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Atour Lifestyle in the 3rd quarter valued at approximately $2,741,000. Walleye Capital LLC purchased a new stake in Atour Lifestyle in the 3rd quarter valued at approximately $649,000. Finally, Quadrature Capital Ltd acquired a new position in Atour Lifestyle in the 3rd quarter valued at $856,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Performance

Atour Lifestyle stock traded up $0.83 during trading on Thursday, reaching $23.83. 1,204,894 shares of the company's stock were exchanged, compared to its average volume of 1,158,172. The company's 50-day moving average is $29.01 and its two-hundred day moving average is $27.43. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.31. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. Analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. 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 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.

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.