Sei Investments Co. Acquires Shares of 160,823 Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Sei Investments Co. acquired a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,823 shares of the company's stock, valued at approximately $4,325,000. Sei Investments Co. owned 0.12% of Atour Lifestyle at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATAT. Public Employees Retirement System of Ohio bought a new position in Atour Lifestyle in the third quarter worth approximately $143,000. Cornerstone Investment Partners LLC acquired a new position in shares of Atour Lifestyle during the fourth quarter worth approximately $213,000. Y Intercept Hong Kong Ltd bought a new position in shares of Atour Lifestyle in the 3rd quarter worth $430,000. Trivest Advisors Ltd acquired a new stake in Atour Lifestyle in the 4th quarter valued at $457,000. Finally, HighTower Advisors LLC bought a new stake in Atour Lifestyle during the 4th quarter valued at $512,000. Institutional investors own 17.79% of the company's stock.

Atour Lifestyle Price Performance

Shares of ATAT stock traded down $0.47 on Monday, hitting $25.68. The stock had a trading volume of 1,577,250 shares, compared to its average volume of 1,139,243. The business has a 50 day moving average of $29.33 and a 200 day moving average of $27.45. Atour Lifestyle Holdings Limited has a 12-month low of $15.22 and a 12-month high of $33.32. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51.

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Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The firm had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. As a group, research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.