Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Bought by Bank of America Corp DE

Bank of America Corp DE lifted its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,534,543 shares of the company's stock after purchasing an additional 269,656 shares during the period. Bank of America Corp DE owned about 2.57% of Atour Lifestyle worth $95,044,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Atour Lifestyle during the 4th quarter valued at about $36,489,000. William Blair Investment Management LLC purchased a new stake in Atour Lifestyle during the 4th quarter valued at about $24,433,000. 3G Capital Partners LP grew its stake in Atour Lifestyle by 263.6% during the 4th quarter. 3G Capital Partners LP now owns 1,000,000 shares of the company's stock valued at $26,890,000 after acquiring an additional 725,000 shares in the last quarter. Renaissance Technologies LLC grew its stake in Atour Lifestyle by 56.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,218,468 shares of the company's stock valued at $32,765,000 after acquiring an additional 441,200 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Atour Lifestyle during the 4th quarter valued at about $11,775,000. Hedge funds and other institutional investors own 17.79% of the company's stock.

Atour Lifestyle Stock Up 2.2%

NASDAQ:ATAT traded up $0.63 on Thursday, hitting $29.83. The stock had a trading volume of 1,151,834 shares, compared to its average volume of 1,231,835. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.59 and a beta of 0.59. The company has a fifty day moving average price of $26.75 and a two-hundred day moving average price of $27.17. Atour Lifestyle Holdings Limited has a 1-year low of $15.22 and a 1-year high of $33.32.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.33 EPS 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 analyst estimates of $275.49 million. As a group, analysts anticipate that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ATAT shares. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the company a "buy" rating in a report on Thursday, March 6th. Bank of America boosted their target price 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.

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.