Monolith Management Ltd Invests $2.89 Million in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Monolith Management Ltd acquired a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 107,304 shares of the company's stock, valued at approximately $2,885,000. Atour Lifestyle makes up about 1.5% of Monolith Management Ltd's holdings, making the stock its 18th largest holding. Monolith Management Ltd owned about 0.08% of Atour Lifestyle as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ATAT. Pictet Asset Management Holding SA purchased a new stake in Atour Lifestyle during the 4th quarter worth about $155,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Atour Lifestyle during the 4th quarter worth about $213,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Atour Lifestyle during the fourth quarter worth about $394,000. Trivest Advisors Ltd acquired a new position in shares of Atour Lifestyle in the fourth quarter valued at approximately $457,000. Finally, HighTower Advisors LLC purchased a new position in shares of Atour Lifestyle during the fourth quarter valued at approximately $512,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Atour Lifestyle Price Performance

ATAT stock traded down $0.29 on Monday, hitting $23.63. 1,336,540 shares of the company were exchanged, compared to its average volume of 1,208,141. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a twelve month low of $15.22 and a twelve month high of $33.32. The business's fifty day moving average is $27.79 and its two-hundred day moving average is $27.20.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. Equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Analysts Set New Price Targets

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

Atour Lifestyle Company 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.