BI Asset Management Fondsmaeglerselskab A S Takes Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 48,562 shares of the company's stock, valued at approximately $1,306,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Atour Lifestyle during the fourth quarter worth $36,489,000. William Blair Investment Management LLC bought a new stake in Atour Lifestyle during the fourth quarter valued at about $24,433,000. Renaissance Technologies LLC grew its stake in Atour Lifestyle by 56.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company's stock valued at $32,765,000 after purchasing an additional 441,200 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Atour Lifestyle by 1,250.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 444,844 shares of the company's stock worth $11,962,000 after purchasing an additional 411,893 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Atour Lifestyle by 39.9% in the fourth 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 in the last quarter. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Atour Lifestyle Stock Down 1.1 %

Shares of Atour Lifestyle stock traded down $0.28 during mid-day trading on Monday, reaching $23.65. 207,926 shares of the stock traded hands, compared to its average volume of 1,203,720. The business has a 50-day moving average of $27.79 and a 200 day moving average of $27.20. Atour Lifestyle Holdings Limited has a fifty-two week low of $15.22 and a fifty-two week high of $33.32. The stock has a market capitalization of $3.25 billion, a PE ratio of 20.38, a PEG ratio of 0.59 and a beta of 0.51.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. The business had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. On average, equities research analysts expect that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ATAT has been the topic of several research analyst reports. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a "buy" rating in a research report on Thursday, March 6th. Bank of America raised their target price on Atour Lifestyle from $35.30 to $36.80 and gave the stock a "buy" rating in a research note 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.