Renaissance Group LLC Makes New Investment in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Renaissance Group LLC purchased a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 316,532 shares of the company's stock, valued at approximately $8,512,000. Renaissance Group LLC owned about 0.23% of Atour Lifestyle at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ATAT. Public Employees Retirement System of Ohio purchased a new stake in shares of Atour Lifestyle during the 3rd quarter valued at $143,000. Pictet Asset Management Holding SA bought a new stake in Atour Lifestyle in the fourth quarter worth about $155,000. Cornerstone Investment Partners LLC purchased a new position in Atour Lifestyle in the fourth quarter valued at about $213,000. O Shaughnessy Asset Management LLC bought a new position in shares of Atour Lifestyle during the 4th quarter valued at approximately $394,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Atour Lifestyle during the 3rd quarter worth approximately $430,000. 17.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on ATAT shares. Bank of America upped their price objective on 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 target on Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th.

Atour Lifestyle Stock Down 3.7 %

ATAT traded down $0.86 on Friday, hitting $22.21. The company's stock had a trading volume of 4,603,133 shares, compared to its average volume of 1,179,949. The company's 50 day simple moving average is $28.82 and its 200-day simple moving average is $27.45. Atour Lifestyle Holdings Limited has a 12 month low of $15.22 and a 12 month high of $33.32. The firm has a market cap of $3.06 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly 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 analyst estimates of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. Equities analysts predict that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

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.