Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 430.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,727 shares of the company's stock after purchasing an additional 207,499 shares during the period. Wellington Management Group LLP owned 0.19% of Atour Lifestyle worth $6,876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Atour Lifestyle in the fourth quarter valued at about $1,344,000. JPMorgan Chase & Co. lifted its stake in Atour Lifestyle by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,413,593 shares of the company's stock valued at $38,012,000 after acquiring an additional 402,974 shares during the period. Prudential Financial Inc. purchased a new stake in Atour Lifestyle in the fourth quarter valued at $1,718,000. Arrowstreet Capital Limited Partnership grew its holdings in Atour Lifestyle by 1,250.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock worth $11,962,000 after acquiring an additional 411,893 shares during the period. Finally, Norges Bank purchased a new position in shares of Atour Lifestyle during the 4th quarter valued at approximately $36,489,000. 17.79% of the stock is currently owned by institutional investors.

Atour Lifestyle Price Performance

Shares of ATAT stock traded up $1.00 during trading hours on Wednesday, reaching $24.40. 733,362 shares of the company's stock were exchanged, compared to its average volume of 1,192,415. The company's 50 day moving average is $28.70 and its two-hundred day moving average is $27.41. Atour Lifestyle Holdings Limited has a 1 year low of $15.22 and a 1 year high of $33.32. The company has a market cap of $3.36 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 0.59 and a beta of 0.51.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last released 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 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, analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Atour Lifestyle

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.