Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Sold by FIL Ltd

FIL Ltd trimmed its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,562,379 shares of the company's stock after selling 659,476 shares during the period. FIL Ltd owned 1.86% of Atour Lifestyle worth $68,902,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Atour Lifestyle in the third quarter valued at approximately $143,000. Pictet Asset Management Holding SA acquired a new position in shares of Atour Lifestyle during the 4th quarter worth about $155,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Atour Lifestyle during the fourth quarter worth approximately $213,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Atour Lifestyle during the fourth quarter worth $394,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Atour Lifestyle in the 3rd quarter worth approximately $430,000. Institutional investors own 17.79% of the company's stock.

Analyst Upgrades and Downgrades

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

Atour Lifestyle Price Performance

ATAT traded down $0.26 during trading on Tuesday, reaching $23.58. 930,801 shares of the stock were exchanged, compared to its average volume of 1,251,777. The business's 50 day moving average price is $28.77 and its two-hundred day moving average price is $27.44. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.31. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 0.59 and a beta of 0.51.

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

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.