Trexquant Investment LP Sells 77,175 Shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Trexquant Investment LP reduced its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,001 shares of the company's stock after selling 77,175 shares during the period. Trexquant Investment LP owned 0.11% of Atour Lifestyle worth $3,980,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Atour Lifestyle by 39.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock worth $38,012,000 after buying an additional 402,974 shares during the last quarter. Norges Bank purchased a new stake in Atour Lifestyle in the fourth quarter worth $36,489,000. Schroder Investment Management Group boosted its holdings in Atour Lifestyle by 20.3% in the fourth 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 in the last quarter. William Blair Investment Management LLC purchased a new position in Atour Lifestyle during the 4th quarter valued at $24,433,000. Finally, FMR LLC raised its holdings in Atour Lifestyle by 352.7% in the 3rd quarter. FMR LLC now owns 889,942 shares of the company's stock worth $23,085,000 after purchasing an additional 693,342 shares in the last quarter. 17.79% of the stock is owned by institutional investors.

Atour Lifestyle Trading Down 0.1 %

ATAT traded down $0.02 during midday trading on Thursday, reaching $22.98. The company's stock had a trading volume of 1,631,612 shares, compared to its average volume of 1,160,586. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32. The stock's 50-day moving average is $29.01 and its 200-day moving average is $27.43. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.59 and a beta of 0.51.

Remove Ads

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 for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $285.58 million for 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, equities research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th. Bank of America increased their target price on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research report on Friday, March 14th.

Atour Lifestyle 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.