193,682 Shares in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Purchased by Causeway Capital Management LLC

Causeway Capital Management LLC purchased a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 193,682 shares of the company's stock, valued at approximately $5,208,000. Causeway Capital Management LLC owned about 0.14% of Atour Lifestyle at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ATAT. Wellington Management Group LLP purchased a new position in shares of Atour Lifestyle in the third quarter worth $1,251,000. Sanctuary Advisors LLC purchased a new position in Atour Lifestyle during the fourth quarter valued at $1,344,000. JPMorgan Chase & Co. boosted its holdings in Atour Lifestyle by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock worth $38,012,000 after acquiring an additional 402,974 shares in the last quarter. Prudential Financial Inc. purchased a new position in Atour Lifestyle in the fourth quarter worth about $1,718,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Atour Lifestyle by 1,250.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock worth $11,962,000 after buying an additional 411,893 shares in the last quarter. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Stock Performance

Shares of Atour Lifestyle stock traded up $0.01 on Friday, hitting $23.94. 2,862,295 shares of the company's stock were exchanged, compared to its average volume of 1,208,261. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32. The company has a 50-day simple moving average of $28.45 and a 200-day simple moving average of $27.36. The stock has a market capitalization of $3.29 billion, a PE ratio of 20.64, a PEG ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted 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 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, analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Atour Lifestyle 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.