Russell Investments Group Ltd. Has $5.30 Million Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Russell Investments Group Ltd. boosted its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,350 shares of the company's stock after acquiring an additional 33,006 shares during the period. Russell Investments Group Ltd. owned approximately 0.14% of Atour Lifestyle worth $5,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp bought a new stake in shares of Atour Lifestyle during the third quarter worth $2,776,000. Wellington Management Group LLP acquired a new stake in shares of Atour Lifestyle in the 3rd quarter valued at about $1,251,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Atour Lifestyle in the third quarter valued at about $430,000. Public Employees Retirement System of Ohio bought a new position in shares of Atour Lifestyle during the third quarter worth about $143,000. Finally, Geode Capital Management LLC raised its position in Atour Lifestyle by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 69,171 shares of the company's stock valued at $1,794,000 after buying an additional 863 shares during the last quarter. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Stock Up 0.0 %

Shares of NASDAQ:ATAT traded up $0.01 during midday trading on Friday, hitting $23.94. The stock had a trading volume of 2,862,295 shares, compared to its average volume of 1,208,261. The business's 50-day simple moving average is $28.45 and its 200-day simple moving average is $27.36. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32. The company has a market cap of $3.29 billion, a P/E ratio of 20.64, a PEG ratio of 0.59 and a beta of 0.51.

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

Analyst Upgrades and Downgrades

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

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.