Polymer Capital Management HK LTD Buys Shares of 89,200 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Polymer Capital Management HK LTD acquired a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 89,200 shares of the company's stock, valued at approximately $2,399,000. Polymer Capital Management HK LTD owned 0.06% of Atour Lifestyle at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in Atour Lifestyle by 352.7% during the 3rd quarter. FMR LLC now owns 889,942 shares of the company's stock worth $23,085,000 after purchasing an additional 693,342 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Atour Lifestyle in the third quarter worth about $1,251,000. Sanctuary Advisors LLC acquired a new stake in Atour Lifestyle during the fourth quarter worth about $1,344,000. XTX Topco Ltd raised its position in Atour Lifestyle by 119.5% during the third quarter. XTX Topco Ltd now owns 46,638 shares of the company's stock valued at $1,210,000 after acquiring an additional 25,390 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in Atour Lifestyle in the fourth quarter valued at approximately $1,718,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Analyst Ratings Changes

ATAT has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research note on Friday, March 14th. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the stock a "buy" rating in a report on Thursday, March 6th.

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Atour Lifestyle Price Performance

ATAT stock traded down $1.43 during mid-day trading on Friday, reaching $21.64. 2,277,025 shares of the company's stock were exchanged, compared to its average volume of 1,169,951. Atour Lifestyle Holdings Limited has a 12-month low of $15.22 and a 12-month high of $33.32. The stock's 50 day moving average is $28.93 and its 200 day moving average is $27.43. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51.

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

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.