Norges Bank bought a new stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,356,968 shares of the company's stock, valued at approximately $36,489,000. Norges Bank owned 0.99% of Atour Lifestyle at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Atour Lifestyle during the 3rd quarter worth about $143,000. Cornerstone Investment Partners LLC bought a new position in Atour Lifestyle during the 4th quarter worth about $213,000. Y Intercept Hong Kong Ltd bought a new position in Atour Lifestyle during the 3rd quarter worth about $430,000. Trivest Advisors Ltd bought a new position in Atour Lifestyle during the 4th quarter worth about $457,000. Finally, HighTower Advisors LLC bought a new position in Atour Lifestyle during the 4th quarter worth about $512,000. Hedge funds and other institutional investors own 17.79% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of 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 price target on shares of Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th.
Check Out Our Latest Research Report on ATAT
Atour Lifestyle Stock Up 3.6 %
Shares of Atour Lifestyle stock traded up $0.83 during midday trading on Thursday, hitting $23.83. The company had a trading volume of 1,204,894 shares, compared to its average volume of 1,158,172. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.59 and a beta of 0.51. The company has a fifty day simple moving average of $29.01 and a 200 day simple moving average of $27.43. Atour Lifestyle Holdings Limited has a 12-month low of $15.22 and a 12-month high of $33.31.
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 (EPS) for the quarter, topping analysts' consensus estimates 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. As a group, analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.
About Atour Lifestyle
(
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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