Mitsubishi UFJ Trust & Banking Corp Lowers Stock Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 47.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 654,896 shares of the company's stock after selling 593,633 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.48% of Atour Lifestyle worth $17,610,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Citigroup Inc. increased its stake in Atour Lifestyle by 28.9% during the 3rd quarter. Citigroup Inc. now owns 171,908 shares of the company's stock valued at $4,459,000 after purchasing an additional 38,524 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Atour Lifestyle during the third quarter valued at $34,000. The Manufacturers Life Insurance Company increased its position in shares of 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 acquiring an additional 20,869 shares during the period. FMR LLC lifted its position in Atour Lifestyle by 352.7% during the 3rd quarter. FMR LLC now owns 889,942 shares of the company's stock worth $23,085,000 after acquiring an additional 693,342 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position 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 worth $28,965,000 after acquiring an additional 709,700 shares during the period. 17.79% of the stock is currently owned by institutional investors and hedge funds.

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Atour Lifestyle Stock Up 0.9 %

Shares of ATAT traded up $0.26 during mid-day trading on Tuesday, reaching $28.61. The company had a trading volume of 615,248 shares, compared to its average volume of 1,126,783. The stock has a market capitalization of $3.94 billion, a P/E ratio of 24.66, a PEG ratio of 0.59 and a beta of 0.37. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The stock has a 50 day moving average of $29.27 and a two-hundred day moving average of $27.26.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The business 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, sell-side analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Analysts Set New Price Targets

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

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.