HighTower Advisors LLC purchased a new position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,027 shares of the company's stock, valued at approximately $512,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Atour Lifestyle during the third quarter worth approximately $143,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Atour Lifestyle during the fourth quarter worth $213,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Atour Lifestyle in the third quarter valued at $430,000. Nkcfo LLC acquired a new position in Atour Lifestyle in the fourth quarter valued at $538,000. Finally, Lester Murray Antman dba SimplyRich lifted its position in Atour Lifestyle by 11.9% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after buying an additional 2,469 shares during the period. 17.79% of the stock is currently owned by hedge funds and other institutional investors.
Atour Lifestyle Trading Down 3.0 %
Shares of Atour Lifestyle stock traded down $0.87 during trading hours on Thursday, reaching $28.54. The stock had a trading volume of 788,645 shares, compared to its average volume of 1,128,886. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 0.59 and a beta of 0.37. The firm has a 50 day simple moving average of $29.39 and a two-hundred day simple moving average of $27.28.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, beating 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 firm had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. Sell-side analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Bank of America lifted 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. The Goldman Sachs Group initiated 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. Finally, UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th.
Check Out Our Latest Analysis on ATAT
Atour Lifestyle Company Profile
(
Free Report)
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.
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