3G Capital Partners LP lifted its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 263.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000,000 shares of the company's stock after acquiring an additional 725,000 shares during the quarter. Atour Lifestyle makes up 7.7% of 3G Capital Partners LP's holdings, making the stock its 6th biggest holding. 3G Capital Partners LP owned about 0.73% of Atour Lifestyle worth $26,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorShares Investments LLC acquired a new stake in Atour Lifestyle during the 4th quarter worth about $188,000. Northern Trust Corp boosted its position in shares of Atour Lifestyle by 139.3% during the 4th quarter. Northern Trust Corp now owns 75,476 shares of the company's stock valued at $2,030,000 after purchasing an additional 43,931 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Atour Lifestyle by 6.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 66,702 shares of the company's stock worth $1,794,000 after purchasing an additional 4,000 shares during the period. Monolith Management Ltd bought a new stake in Atour Lifestyle in the fourth quarter worth approximately $2,885,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Atour Lifestyle in the fourth quarter valued at approximately $1,306,000. 17.79% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Bank of America lifted their price objective on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research note on Friday, March 14th. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th.
View Our Latest Research Report on ATAT
Atour Lifestyle Stock Performance
Shares of NASDAQ ATAT traded up $1.09 during midday trading on Wednesday, hitting $26.66. 774,784 shares of the stock traded hands, compared to its average volume of 1,216,173. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32. The business has a 50 day moving average price of $26.93 and a two-hundred day moving average price of $27.08. The company has a market cap of $3.67 billion, a PE ratio of 22.97, a P/E/G ratio of 0.59 and a beta of 0.59.
Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. As a group, equities research analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal 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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