Vanguard Group Inc. Reduces Holdings in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Vanguard Group Inc. cut its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,027,783 shares of the company's stock after selling 11,836 shares during the period. Vanguard Group Inc. owned 1.47% of Atour Lifestyle worth $54,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Sei Investments Co. acquired a new stake in shares of Atour Lifestyle during the fourth quarter worth $4,325,000. American Century Companies Inc. lifted its position in Atour Lifestyle by 3.8% during the 4th quarter. American Century Companies Inc. now owns 62,772 shares of the company's stock worth $1,688,000 after acquiring an additional 2,321 shares during the period. Quantbot Technologies LP acquired a new position in shares of Atour Lifestyle in the fourth quarter valued at about $933,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Atour Lifestyle in the fourth quarter worth about $1,090,000. Finally, Trivest Advisors Ltd purchased a new stake in Atour Lifestyle in the fourth quarter valued at approximately $457,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Performance

Atour Lifestyle stock traded up $0.39 during trading on Thursday, reaching $24.32. The company had a trading volume of 966,599 shares, compared to its average volume of 1,286,880. The firm has a market capitalization of $3.35 billion, a PE ratio of 20.96, a price-to-earnings-growth 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 $33.31. The firm's 50-day simple moving average is $28.63 and its 200 day simple moving average is $27.38.

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. 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 for the quarter, compared to the consensus estimate of $275.49 million. Analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

Analyst Ratings Changes

ATAT has been the topic of several recent research reports. Bank of America upped 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 target on Atour Lifestyle and gave the company a "buy" rating in a research report on Thursday, March 6th.

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.