CenterBook Partners LP Makes New $1.28 Million Investment in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

CenterBook Partners LP bought a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,768 shares of the company's stock, valued at approximately $1,284,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Atour Lifestyle in the 3rd quarter worth approximately $2,741,000. State Street Corp bought a new position in shares of Atour Lifestyle in the third quarter valued at $2,776,000. Wellington Management Group LLP acquired a new position in shares of Atour Lifestyle in the third quarter valued at approximately $1,251,000. Y Intercept Hong Kong Ltd acquired a new position in Atour Lifestyle in the third quarter valued at about $430,000. Finally, Public Employees Retirement System of Ohio bought a new position in Atour Lifestyle in the third quarter valued at about $143,000. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Up 4.3 %

Shares of NASDAQ ATAT traded up $1.00 during midday trading on Wednesday, reaching $24.40. 1,038,573 shares of the stock were exchanged, compared to its average volume of 1,193,576. 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 $28.70 and a two-hundred day simple moving average of $27.41. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $275.49 million. Research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATAT shares. UBS Group set a $37.30 price objective on Atour Lifestyle and gave the stock a "buy" rating in a research note 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 research 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.