Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $1.09 Million in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 40,550 shares of the company's stock, valued at approximately $1,090,000.

Several other institutional investors have also recently bought and sold shares of ATAT. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Atour Lifestyle by 174.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,116,600 shares of the company's stock valued at $28,965,000 after purchasing an additional 709,700 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Atour Lifestyle by 24.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company's stock worth $26,215,000 after buying an additional 199,330 shares in the last quarter. William Blair Investment Management LLC bought a new position in Atour Lifestyle in the 4th quarter valued at $24,433,000. FMR LLC increased its stake in shares of Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company's stock valued at $23,085,000 after buying an additional 693,342 shares during the period. Finally, Jupiter Asset Management Ltd. raised its position in shares of Atour Lifestyle by 135.2% during the fourth quarter. Jupiter Asset Management Ltd. now owns 581,300 shares of the company's stock worth $15,631,000 after acquiring an additional 334,200 shares during the last quarter. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Down 2.3 %

Shares of Atour Lifestyle stock traded down $0.66 during trading on Friday, reaching $28.45. 1,098,036 shares of the company were exchanged, compared to its average volume of 1,129,582. The business has a 50-day moving average price of $29.18 and a 200-day moving average price of $27.14. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 0.59 and a beta of 0.37. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32.

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Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million during 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 forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.