Alliancebernstein L.P. Buys 73,418 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Alliancebernstein L.P. lifted its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 758.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,098 shares of the company's stock after buying an additional 73,418 shares during the period. Alliancebernstein L.P. owned approximately 0.06% of Atour Lifestyle worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Atour Lifestyle during the 3rd quarter worth approximately $143,000. Pictet Asset Management Holding SA bought a new stake in Atour Lifestyle during the fourth quarter worth $155,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Atour Lifestyle in the 4th quarter valued at $213,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Atour Lifestyle in the 4th quarter valued at $394,000. Finally, Trivest Advisors Ltd bought a new position in shares of Atour Lifestyle in the 4th quarter valued at $457,000. Institutional investors and hedge funds own 17.79% of the company's stock.

Analysts Set New Price Targets

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

Atour Lifestyle Price Performance

Shares of NASDAQ ATAT traded up $0.55 during mid-day trading on Tuesday, hitting $23.82. 1,008,012 shares of the stock traded hands, compared to its average volume of 1,214,526. The company has a market cap of $3.28 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32. The firm has a 50 day simple moving average of $28.22 and a two-hundred day simple moving average of $27.30.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly 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 analyst estimates 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 anticipate that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

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.