Caxton Associates LP Raises Stake in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Caxton Associates LP boosted its stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 296.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,434 shares of the company's stock after buying an additional 70,602 shares during the quarter. Caxton Associates LP owned approximately 0.07% of Atour Lifestyle worth $2,539,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Atour Lifestyle by 1.3% in the third quarter. Geode Capital Management LLC now owns 69,171 shares of the company's stock valued at $1,794,000 after purchasing an additional 863 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Atour Lifestyle by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,010,619 shares of the company's stock worth $26,215,000 after buying an additional 199,330 shares during the period. Lester Murray Antman dba SimplyRich grew its position in shares of Atour Lifestyle by 11.9% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock worth $626,000 after buying an additional 2,469 shares in the last quarter. Nkcfo LLC purchased a new position in shares of Atour Lifestyle during the fourth quarter valued at $538,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Atour Lifestyle in the fourth quarter valued at about $1,344,000. 17.79% of the stock is owned by hedge funds and other institutional investors.

Atour Lifestyle Price Performance

Shares of ATAT stock traded up $0.11 during mid-day trading on Friday, hitting $28.52. 1,491,549 shares of the stock traded hands, compared to its average volume of 1,225,547. The stock's fifty day moving average is $26.83 and its two-hundred day moving average is $27.09. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32. The stock has a market cap of $3.92 billion, a P/E ratio of 24.59, a P/E/G ratio of 0.59 and a beta of 0.59.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America raised their target price on shares of Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a research report on Friday, March 14th. UBS Group set a $37.30 price objective on shares of Atour Lifestyle and gave the stock a "buy" rating in a research note 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.