Prudential Financial Inc. bought a new position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 63,900 shares of the company's stock, valued at approximately $1,718,000.
Several other hedge funds also recently bought and sold shares of ATAT. Sei Investments Co. bought a new stake in shares of Atour Lifestyle during the fourth quarter worth $4,325,000. American Century Companies Inc. grew its position in Atour Lifestyle by 3.8% in the fourth quarter. American Century Companies Inc. now owns 62,772 shares of the company's stock valued at $1,688,000 after purchasing an additional 2,321 shares in the last quarter. Quantbot Technologies LP bought a new position in Atour Lifestyle in the fourth quarter valued at $933,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Atour Lifestyle in the fourth quarter valued at $1,090,000. Finally, Trivest Advisors Ltd bought a new position in Atour Lifestyle in the fourth quarter valued at $457,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have commented on ATAT. Bank of America increased their price target on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th.
Read Our Latest Report on ATAT
Atour Lifestyle Stock Performance
Shares of Atour Lifestyle stock traded up $0.83 on Thursday, reaching $23.83. 1,204,894 shares of the stock were exchanged, compared to its average volume of 1,158,172. The firm's 50 day moving average is $29.01 and its 200-day moving average is $27.43. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.31. The firm has a market cap of $3.28 billion, a PE ratio of 20.54, a P/E/G ratio of 0.59 and a beta of 0.51.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $285.58 million during the quarter, compared to analysts' expectations of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. On average, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.
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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