Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Purchased by Man Group plc

Man Group plc lifted its position in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,051,797 shares of the company's stock after buying an additional 366,872 shares during the quarter. Man Group plc owned approximately 1.49% of Atour Lifestyle worth $55,173,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. raised its position in shares of Atour Lifestyle by 3.8% in the 4th quarter. American Century Companies Inc. now owns 62,772 shares of the company's stock valued at $1,688,000 after purchasing an additional 2,321 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its stake 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 purchasing an additional 2,469 shares during the period. Jump Financial LLC grew its stake in shares of Atour Lifestyle by 1.5% during the 4th quarter. Jump Financial LLC now owns 180,409 shares of the company's stock worth $4,851,000 after purchasing an additional 2,620 shares during the period. Invesco Ltd. grew its stake in shares of Atour Lifestyle by 5.4% during the 4th quarter. Invesco Ltd. now owns 67,117 shares of the company's stock worth $1,805,000 after purchasing an additional 3,437 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Atour Lifestyle by 6.4% during the 4th 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. 17.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Bank of America lifted their price target 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 target on shares of Atour Lifestyle and gave the company a "buy" rating in a research note on Thursday, March 6th.

Atour Lifestyle Trading Down 0.7%

ATAT stock traded down $0.20 during midday trading on Friday, reaching $29.63. The stock had a trading volume of 1,163,449 shares, compared to its average volume of 1,241,052. The company's fifty day simple moving average is $26.76 and its 200 day simple moving average is $27.21. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. Atour Lifestyle Holdings Limited has a 52-week low of $15.22 and a 52-week high of $33.32.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $285.58 million for the quarter, compared to analyst estimates of $275.49 million. Atour Lifestyle had a return on equity of 48.26% and a net margin of 17.43%. Sell-side analysts predict that Atour Lifestyle Holdings Limited will post 1.24 EPS for the current year.

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.