Schroder Investment Management Group boosted its holdings in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 20.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,203,723 shares of the company's stock after purchasing an additional 203,037 shares during the period. Schroder Investment Management Group owned approximately 0.87% of Atour Lifestyle worth $31,971,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of ATAT. Citigroup Inc. increased its holdings in shares of Atour Lifestyle by 28.9% in the third quarter. Citigroup Inc. now owns 171,908 shares of the company's stock valued at $4,459,000 after purchasing an additional 38,524 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Atour Lifestyle by 49.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 62,702 shares of the company's stock worth $1,626,000 after acquiring an additional 20,869 shares during the period. FMR LLC increased its stake in shares of Atour Lifestyle by 352.7% during the third quarter. FMR LLC now owns 889,942 shares of the company's stock worth $23,085,000 after acquiring an additional 693,342 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Atour Lifestyle during the third quarter worth about $2,741,000. Finally, Walleye Capital LLC acquired a new stake in Atour Lifestyle in the third quarter valued at about $649,000. 17.79% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Bank of America boosted their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group initiated coverage on Atour Lifestyle in a report on Monday, December 9th. They set a "buy" rating and a $34.40 price objective for the company.
View Our Latest Analysis on Atour Lifestyle
Atour Lifestyle Price Performance
NASDAQ:ATAT traded down $2.39 during trading hours on Friday, reaching $26.15. 1,476,263 shares of the company traded hands, compared to its average volume of 1,137,491. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $33.32. The stock has a market cap of $3.60 billion, a P/E ratio of 22.54, a P/E/G ratio of 0.59 and a beta of 0.51. The firm's 50-day moving average is $29.36 and its 200-day moving average is $27.42.
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, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $285.58 million during the quarter, compared to the consensus estimate of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. As a group, research analysts predict that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.
Atour Lifestyle 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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