Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Bought by Prudential PLC

Prudential PLC increased its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 698,676 shares of the company's stock after purchasing an additional 137,459 shares during the period. Prudential PLC owned approximately 0.51% of Atour Lifestyle worth $18,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Atour Lifestyle by 34.2% during the fourth quarter. Geode Capital Management LLC now owns 92,855 shares of the company's stock worth $2,497,000 after buying an additional 23,684 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Atour Lifestyle by 758.5% in the fourth quarter. Alliancebernstein L.P. now owns 83,098 shares of the company's stock valued at $2,235,000 after purchasing an additional 73,418 shares during the period. Wellington Management Group LLP raised its stake in shares of Atour Lifestyle by 430.2% during the 4th quarter. Wellington Management Group LLP now owns 255,727 shares of the company's stock worth $6,876,000 after buying an additional 207,499 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at approximately $394,000. Finally, Schroder Investment Management Group grew its stake in Atour Lifestyle by 20.3% in the 4th quarter. Schroder Investment Management Group now owns 1,203,723 shares of the company's stock valued at $31,971,000 after acquiring an additional 203,037 shares during the period. Hedge funds and other institutional investors own 17.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Bank of America increased their price objective 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 objective on Atour Lifestyle and gave the stock a "buy" rating in a research note on Thursday, March 6th.

Atour Lifestyle Stock Performance

Shares of NASDAQ ATAT traded down $0.95 during mid-day trading on Wednesday, reaching $23.07. The company's stock had a trading volume of 1,465,567 shares, compared to its average volume of 1,145,391. The stock has a market capitalization of $3.17 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.59 and a beta of 0.51. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $33.32. The stock has a 50-day moving average of $29.20 and a two-hundred day moving average of $27.45.

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

About Atour Lifestyle

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.